Author: Manish Vasdev

Central India: Sponge iron prices drop slightly, trade volumes stable

Jun 16, 2021

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by

Manish Vasdev

in Sponge Iron

SteelMint’s benchmark sponge P-DRI (FeM 80%) prices dropped slightly by INR 100/t to INR 30,700/t, exw Raipur, on 15 Jun’21. However, demand remains supported following improved enquiries for billet in the late hours today. About 3,000 t of P-DRI transactions were reported at INR 30,500-800/t against offers of INR 30,800-31,000/t, exw and FoR Raipur. Bids…