Author: Manish Vasdev
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India: Raipur sponge iron prices drop as trade volumes shrink
SteelMint’s benchmark sponge P-DRI (FeM 80%) prices fell by INR 100/t to INR 30,300/t, exw Raipur, on 24 Jun’21. Prices continued sinking on weak demand and decline in billet prices by INR 200/t, d-o-d. About 2,000 t of P-DRI deals were reported at around INR 30,200-300/t against offers at INR 30,400-30,500/t, exw and FoR Raipur.…