Author: Manish Vasdev
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India: Rising offers hit sponge iron demand in Raipur
SteelMint’s assessment for pellet-based DRI (P-DRI) rose by INR 500/t to INR 29,900/t exw-Raipur, for FeM 80% material. Rising billet prices amidst tight sponge supply continued to support prices. However, major buyers opt to wait and watch due to lack of confidence on prevailing offers. About 3,000 t of P-DRI deals were confirmed in the…