Author: Manish Vasdev
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India: Raipur sponge iron demand remains weak on bid-offer mismatch
Sponge iron prices in Raipur trended down today due to disparity in bids and offers. SteelMint’s price assessment for P-DRI (FeM 80%) fell by INR 300/t to INR 29,700/t exw. The majority of buyers were looking to book P-DRI at around INR 29,500/t as against offers at INR 29,700-30,000/t on exw and FoR Raipur basis.…