Author: Manish Vasdev
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Eastern India-based plant sells sponge iron to Raipur at competitive rate
An eastern India-based plant has sold over 5,000 t of P-DRI (FeM 78-79%, 0-20mm) to Raipur at around INR 28,200-28,300/t FoR, whereas sponge manufacturers in Raipur floated offers at around INR 28,900-29,100/t exw for FeM 80% material. Competitive offers from plants based outside the state have put pressure on sponge iron prices in Raipur along…