Author: Manish Vasdev
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India: Lower bids weigh down Raipur sponge iron prices
SteelMint’s price assessment for P-DRI (FeM 80%) fell by INR 300/t to INR 27,900/t exw-Raipur. Prices dropped further on lower bids amidst sluggish trends. Meanwhile, a couple of major suppliers reportedly put their kilns on maintenance, creating a slight shortfall in spot supply. 3,000 t deals were reported at INR 27,700-28,000/t against offers of INR…