Author: Manish Vasdev
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India: Sponge iron prices to remain volatile in Raipur
SteelMint’s assessment for sponge iron, P-DRI (FeM 80%), rose by INR 300/t to INR 29,000/t exw Raipur. 4,000 t of deals were reported at INR 28,800-29,000/t versus offers at INR 29,000-29,200/t on exw and FoR Raipur. 1,500 t DR CLO grade sponge deals were heard at INR 32,200-32,400/t exw. Expected production cuts by Raigarh-based furnaces…