Author: Manish Vasdev
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India: Raipur sponge iron prices drop slightly on lower bids
With expected easing of sponge iron supplies, buyers have lowered their bids. SteelMint’s price assessment for sponge P-DRI (FeM 80%) dropped by INR 100/t to INR 31,900/t exw-Raipur on 18 Aug’21. About 2,000 t of P-DRI deals were confirmed at INR 31,800-31,900/t exw as against offers at INR 31,900-32,200/t on exw and FoR Raipur basis.…