Author: Manish Vasdev
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India: Over 8,000 t sponge iron deals reported in Raipur
Demand for sponge iron remained active in Raipur today on decline in offers. SteelMint’s assessment for sponge P-DRI (FeM 80%) fell by INR 300/t to INR 32,700/t exw. Around 8,300 t deals were confirmed at INR 32,500-32,700/t on exw and FOR Raipur basis. A few plants floated offers at INR 32,800-33,000/t exw and FOR. However,…