Author: Manish Vasdev
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India: Bid-offer disparity puts pressure on Raipur sponge iron prices
P-DRI (FeM 80%) prices in Raipur fell INR 500/t to INR 33,300/t exw today. Lower bids and competitive offers through resellers were the key factors behind the price correction. Deals were reported at INR 33,300-33,400/t on FOR basis versus offers at INR 33,400-33,500/t exw-Raipur. Although sources claimed to have purchased material at INR 33,000-33,100/t exw,…