Author: Manish Vasdev
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India: Low buying weighs on sponge iron prices in Raipur
SteelMint’s benchmark sponge P-DRI (FeM 80%) prices fell by INR 500/t to INR 29,300/t, exw Raipur, on 29 Jun’21. Prices dropped further as major buyers postponed bookings on planned production cuts and sufficient stocks at mills. A few deals for P-DRI were reported at around INR 29,200-29,300/t against offers at INR 29,500-700/t, exw and FoR…