On March 6, SteelOrbis reported ex-India DRI (sponge lumps 80 FeM) offers to Bangladesh at $335-340/mt CFR with trades reportedly at $330/mt CFR.
According to sources, DRI prices have trended down further over the past week and export offers are now reportedly at $319-323/mt CFR. Offers have decreased $16/mt from the bottom of the previous range and $17/mt from the top of the previous range. The DRI export prices have been affected by a decrease in domestic Indian prices.