India: Sponge iron export offers to Nepal, Bangladesh drop by $8-14/t w-o-w amid limited buying
India's sponge iron export offers to Nepal fell $8/t w-o-w to $362/t CPT Raxaul, while those to Bangladesh dropped $14/t to $363/t CPT Benapole, shows BigMint's assessment.
- Nepal: Deals for around 4,000 t were concluded at $362-365/t CPT Raxaul. Despite lower offers, demand remained limited.
- Bangladesh: Sellers reduced offers to attract interest, yet only approximately 2,500 t were booked. Demand stayed weak despite price corrections.