India: Sponge iron export bookings rise to 18,000 t for Nepal, Bangladesh
India's sponge iron export market rose in the week ended 5 Dec as bookings surge on lower offers, particularly from Bangladesh. Deals for about 18,000 t were recorded w-o-w.
- Nepal: Export offers fell by $2/t to $306/t CPT Raxaul, though buying interest and enquiries remained subdued.
- Bangladesh: Offers fell $5/t to $315/t CPT Benapole, as lower prices boosted procurement from the region.