India: Sponge iron export offers rise marginally w-o-w tracking domestic trends

India's sponge iron export offers increased marginally this week, in line with the uptick in the domestic market. Export offers to Nepal rose by $4/t to $350/t CPT Raxaul, while offers to Bangladesh edged up by $2/t to $361/t CPT Benapole, as per BigMint's weekly assessment. Around 2,500 t of sponge iron deals were concluded during the week, primarily for Nepal.