Author: Manish Vasdev

Central India: Sponge iron prices drop tracking falling billet prices

Jun 17, 2021

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by

Manish Vasdev

in Sponge Iron

SteelMint’s benchmark sponge P-DRI (FeM 80%) prices dropped further by INR 100/t to INR 30,600/t, exw Raipur, on 17 Jun’21. Prices fell due to dull demand as well as a drop in billet prices by INR 250/t d-o-d. About 2,500 t of P-DRI deals were reported at around INR 30,600-700/t against offers of INR 30,700-30,800/t,…