Author: Manish Vasdev
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India: Raipur sponge iron trades improve on falling prices
SteelMint’s benchmark sponge P-DRI (FeM 80%) prices fell slightly by INR 50/t to INR 28,850/t exw Raipur, on 6 Jul’21. While prices dropped slightly, trade volumes improved, thanks to renewed buying. About 3,500 t of P-DRI deals were reported at INR 28,800-28,900/t as against offers at INR 29,000/t exw and FoR Raipur. Bids for DR-CLO…