Author: Manish Vasdev
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India: Tight supply lends support to sponge iron prices in Raipur
Pellet sponge (P-DRI, FeM 80%) prices in Raipur remained stable today at INR 31,000/t exw despite the fall in billet prices to the tune of INR 200/t. Sources said material dispatch positions remained tight at a majority of plants, which continued to support sponge prices. Prices are expected to inch up once demand picks up.…