Author: Manish Vasdev

Sponge iron demand stays active following improvement in billet trades. Due to ongoing supply shortage, prices of sponge P-DRI (FeM 80%) rose by INR 400/t to INR 29,700/t exw-Raipur. About 5,000 t of P-DRI deals were reported at INR 29,400-29,700/t as against offers at INR 29,500-29,800/t exw and FOR Raipur. A few deals for DR…