Author: Manish Vasdev

SteelMint’s benchmark sponge P-DRI (FeM 80%) prices fell by INR 100/t to INR 29,100/t, exw Raipur, on 2 Jul’21. Prices remain under pressure due to dull demand as a few plants (standalone furnaces as well as hot rolling mills) have curtailed production by around 20-30%. Buying of sponge iron by these producers has fallen as…