As containerized scrap offers from the EU and UK to Bangladesh have adjusted downward through December, ex-India DRI offers are also reportedly adjusting downward.
On December 7, SteelOrbis reported ex-India DRI offers (sponge lumps 80 FeM) trending down to $355-360/mt CFR. Sources inform SteelOrbis that as of December 27, DRI offers have ticked down to $340-350/mt CFR, down $15/mt from the bottom of the previous range and $10/mt from the top of the same range.