Author: Manish Vasdev
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India: Sponge prices in Raipur rebound on renewed buying
SteelMint’s price assessment for benchmark pellet sponge (P-DRI, FeM 80%) in Raipur went up by INR 100/t to INR 31,000/t exw. Prices bounced back on improved demand along with slight upward corrections in billet prices seen in the second half of the day (9 Aug’21). Sources expect sponge iron prices to remain strong as suppliers…