Author: Manish Vasdev

India: Sponge iron trade improves on lower offers in Raipur

Nov 23, 2021

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by

Manish Vasdev

in Sponge Iron

Although sponge iron offers fell in Raipur today, decreasing stocks with furnace operators and lower offers influenced buyers into taking positions. P-DRI (FeM 80%) prices fell by INR 300/t to INR 29,000/t exw. 5,000 t of deals reported at INR 28,600-29,000/t exw and FOR, versus offers at INR 29,000-29,500/t exw Raipur. Sponge DR CLO offers…