Author: Aditi Raj

Looking at current price levels, SteelMint has assessed that premium between C-DRI (sponge iron) and P-DRI (pellet sponge) has narrowed down to INR 800-1,500/MT from earlier INR 1,500-2,000/MT. The major factor of reduced price gap is that most of the sponge makers have shifted towards iron ore lumps over pellet; leading to increased production of…