Author: Manish Vasdev

India: Raipur sponge prices drop even as trade volumes improve

Jun 23, 2021

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by

Manish Vasdev

in Sponge Iron

SteelMint’s benchmark sponge P-DRI (FeM 80%) prices fell by INR 100/t to INR 30,400/t, exw Raipur, on 23 Jun’21. Prices dropped slightly on subdued demand and falling billet prices. About 2,500 t of P-DRI deals were reported at around INR 30,300-400/t against offers at INR 30,500-30,600/t, exw and FoR Raipur. Bids for DR-CLO grade sponge…