Author: Manish Vasdev
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India: Low bids weigh on sponge iron prices in Raipur
Sponge P-DRI (FeM 80%) prices in Raipur fell slightly today by INR 100/t to INR 30,100/t exw. Prices dropped due to lower bids along with expectation of a further fall in offers following softening raw material prices. Hence, bids remained low by around INR 300-500/t compared to prevailing offers. Around 1,500 t of P-DRI deals…