Author: Manish Vasdev
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India: Raipur sponge prices soften on expected supply improvement
SteelMint’s price assessment for sponge P-DRI (FeM 80%) dropped by INR 150/t to INR 31,700/t exw-Raipur on 20 Aug’21. Prices softened on expectations of a further drop in offers on improving supply in the coming days. Meanwhile, overall trends remain sluggish due to declining pellet offers in Raipur. About 4,500 t of P-DRI deals were…