Author: Manish Vasdev
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India: Raipur sponge iron prices register marginal decline on limited bids
SteelMint’s benchmark sponge P-DRI (FeM 80%) prices dropped slightly by INR 50/t to INR 30,550/t, exw Raipur, on 18 Jun’21. Prices fell marginally as inquiries remained slightly low amid sufficient supply of sponge iron in the spot market. About 2,500 t of P-DRI deals were reported at around INR 30,500-600/t exw and FoR, against offers…