Author: Manish Vasdev
-

India: Lower bids drag down sponge iron prices in Raipur
P-DRI (FeM 80%) prices in Raipur dropped by INR 300/t to INR 33,800/t exw today. Prices fell on lower bids, low demand, and correction in billet prices by INR 500/t. Deals were reported at INR 33,500-33,800/t against offers at INR 33,800-34,000/t on exw and FOR Raipur basis. Some buyers claimed to have sourced at INR…