Author: Manish Vasdev
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Central India: High offers dampen sponge iron demand in Raipur
SteelMint’s benchmark sponge P-DRI (FeM 80%) prices increased by INR 200/t to INR 31,200/t, exw Raipur, on 4 Jun’21. However, demand remains weak on high offers, as spot billets trade has also slowed down due to rising prices. Thus, buyers are not in a hurry to book raw materials. Around 2,000 t of P-DRI trade…