Author: Manish Vasdev
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India: Raipur sponge iron offers rise on higher billet prices
SteelMint’s benchmark sponge P-DRI (FeM 80%) prices moved up by INR 100/t to INR 29,400/t, exw Raipur, on 30 Jun’21. Prices rose following a rebound in billet prices by INR 200/t; however, trade volumes didn’t witness any noticeable recovery, with bids still at pretty low levels. About 2,500 t of deals for P-DRI were reported…