Author: Manish Vasdev
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India: Raipur sponge iron prices rise but buyers still cautious
SteelMint’s benchmark pellet sponge (P-DRI, FeM 80%) prices rose by INR 300/t to INR 29,500/t exw Raipur on 20 Jul’21. However, demand was slightly subdued on higher offers being floated, as buyers looked for lower prices with demand for billets weakening during the latter part of the day. About 2,500 t of P-DRI deals were…