Author: Manish Vasdev
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India: Raipur sponge iron offers fall as furnaces slash output
SteelMint’s benchmark sponge P-DRI (FeM 80%) prices fell by INR 100/t to INR 28,900/t exw Raipur, on 5 Jul’21. Prices moved southwards as supply outstripped demand in the spot market due to furnaces curtailing operations. About 3,000 t of P-DRI deals were reported at INR 28,800-29,000/t as against offers at INR 29,000-29,200/t exw and FoR…