Author: Manish Vasdev
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India: Raipur sponge iron market tracks billet price movements
SteelMint’s benchmark assessment for pellet sponge (P-DRI, FeM 80%) in Raipur fell by INR 200/t to INR 29,800/t exw on 27 Jul’21, following a somewhat similar drop in billet prices. In terms of outlook as well demand-supply, a majority of sponge makers have sufficient orders in hand and supply has also lessened. Hence, a major…