Author: Manish Vasdev
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Central India: Sponge iron prices up on high bids at OMC auction
SteelMint’s benchmark sponge P-DRI (FeM 80%) prices moved up sharply by INR 700/t to INR 30,700/t, exw Raipur. Mills raised prices as input costs are likely to surge with a spike in bids at OMC’s iron ore auction held on 2 Jun’21. Trades for P-DRI were recorded at INR 30,600-700/t against offers of INR 30,800-900/t,…