Author: Manish Vasdev

Manufacturers prefer to produce C-DRI over P-DRI due to unchanged pellet prices. Indian sponge iron prices have remained almost the same in the major markets. Currently, C-DRI 78-80 FeM is being traded at INR 14,800-17,000/MT, ex-works. While pellet sponge is being traded at INR 13,800-15,000/MT. In conversation with manufacturers, SteelMint assessed that merchant sponge makers…