Author: Manish Vasdev
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India: Raipur buyers resist booking sponge iron at higher prices
Sponge P-DRI (FeM 80%) prices in Raipur rose marginally by INR 100/t to INR 29,600/t exw today. However, buyers resisted from booking material at current offers in the hope that prices would soften eventually on declining raw materials prices. SteelMint confirmed around 3,000 t of P-DRI deals at INR 29,300-29,600/t versus offers at INR 29,700-29,800/t…