Author: Manish Vasdev

SteelMint’s benchmark sponge P-DRI (FeM 80%) prices fell by INR 300/t to INR 30,500/t, exw Raipur, on 8 Jun’21. Low bids along with bid-offer disparities resulted in the decline in prices. Prices are likely to remain under pressure as power cuts in Raigarh may result in poor offtake from furnace operators. A few P-DRI deals…