Author: Manish Vasdev

SteelMint’s benchmark sponge P-DRI (FeM 80%) prices moved up again by INR 500/t to INR 30,000/t, exw Raipur (Central India), on 1 Jun’21. Given the price rally in billet, bids for sponge iron too improved. Further, sponge makers believe prices are likely to move northwards in the coming days due to anticipated seasonal supply crunch…