Author: Manish Vasdev

Sponge prices dropped slightly on 27 May’21 tracking low bids and falling billet prices in the country even as supplies continued to recover. SteelMint’s benchmark assessment for P-DRI (FeM 80%) today dropped by INR 50/t to INR 28,450/t, exw. A few trades for P-DRI (FeM 80%) were reported at INR 28,400-28,500/t as against offers of…