On November 15, SteelOrbis reported ex-India DRI offers (sponge lumps 80 FeM) trending stable at $360-368/mt CFR. The largest export market for Indian DRI is Bangladesh. A source previously noted that the quantity is about three times that exported to Bhutan or Nepal, the next largest export markets, but with the market uncertainty and lower scrap import prices, offer levels for imported DRI have also decreased. Ex-India DRI offers are now reportedly at $357-362/mt CFR, down $3/mt from the bottom of the previous range and $6/mt from the top of the same range.