On March 21, SteelOrbis reported that ex-India DRI offers slipped to $370-380/mt CFR Bangladesh.
Sources report that with weaker domestic prices in raw materials, especially domestic DRI, the export market offers also declined $10/mt over the past week to $360-370/mt. A source added, “With import shredded scrap offers remaining relatively strong around $400/mt CFR, I think we should see export DRI stop further losses and gain back interest from Bangladesh buyers.”