Author: Manish Vasdev
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India: Sponge iron prices increase by INR 400/t in Raipur
SteelMint’s benchmark sponge P-DRI (FeM 80%) prices increased by INR 400/t to INR 30,800/t, exw Raipur, on 10 Jun’21. Offers climbed following an uptick in billet prices. However, bids were low for sponge iron as buyers remained cautious about booking material at higher prices. About 3,000 t of deals for P-DRI were reported at INR…