On October 4, SteelOrbis reported ex-India DRI offers down at $355-365/mt CFR Bangladesh. At the time, DRI offers shifted below the containerized shredded scrap import offers in CFR terms.
Sources inform SteelOrbis that DRI prices have remained stable “but are showing upward momentum as some volumes are firming up within the range while import shredded scrap offers have remained stable in the global markets.”