Author: Manish Vasdev
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India: Sponge iron prices fall marginally in Raipur
Sponge iron, P-DRI (FeM 80%), prices fell by INR 100/t to INR 28,900/t exw-Raipur today. Deals were reported at INR 28,800-28,900/t versus offers at INR 29,000-29,200/t on exw and DAP Raipur basis. Offers for DR CLO grade sponge stood at INR 32,400-32,600/t exw. Sources are expecting prices to fall soon once supply improves as iron…