On September 7, SteelOrbis reported ex-India DRI offers up at $385-395/mt CFR Bangladesh.
Sources now inform SteelOrbis that the spread of approximately $20-25/mt continues between imported containerized shredded scrap and imported Indian DRI into the Bangladesh market. Offer prices are now reportedly at $390-395/mt CFR Bangladesh, up $5/mt from the bottom of the previous range. Several ex-India deals to Bangladesh have reportedly been concluded recently, thereby supporting offer prices.