On March 13, SteelOrbis reported ex-India DRI (sponge lumps 80 FeM) offers to Bangladesh at $319-323/mt CFR.
Sources inform SteelOrbis that ex-India DRI offers to Bangladesh are now reportedly at $330-332/mt CFR, up $11/mt from the bottom of the previous range and $9/mt from the top of the same range. Buying interest is reportedly limited despite DRI prices being approximately $15-20/mt lower than shredded scrap offers, both in CFR terms.