On June 14, SteelOrbis reported ex-India DRI (sponge lumps 80 FeM) offers to Bangladesh at $312-316/mt CFR.
Sources inform SteelOrbis that prices have since decreased and are now reportedly at $288-292/mt CNF Bangladesh. Due to the change in incoterms, a direct change comparison will not be provided. At an estimated $290-294/mt CFR level, prices decreased $22/mt in the past month and a half.