On January 30, SteelOrbis reported ex-India DRI offers (sponge lumps 80 FeM) to Bangladesh at $345-355/mt CFR Bangladesh.
With improvements in import offers and higher order activity expectations from Bangladesh sellers, ex-India DRI prices increased recently to as high as $360-365/mt CFR in mid-February, according to sources. Influenced by the lower global prices this week, sources report that offer prices for ex-India DRI decreased by $5/mt to $355-360/mt CFR. Inquiries by buyers are reportedly active.