Author: Manish Vasdev
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India: Sponge iron prices rise marginally in Raipur
Sponge iron offers increased in Raipur today, while spot trading remained limited amidst subdued bids. SteelMint’s assessment for pellet-based sponge iron, P-DRI (FeM 80%), rose by INR 100/t to INR 29,500/t exw. About 2,000 t of deals were reported at INR 29,500-29,600/t against offers at INR 29,600-30,000/t exw and DAP Raipur. DR CLO grade sponge…