Author: Manish Vasdev
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India: Sponge iron prices fall by INR 200/t ($3) in Raipur
Sponge prices remained under pressure across different regions today including Raipur in Central India where SteelMint’s benchmark price assessment dropped by INR 200/t to INR 28,500/t, exw, on 26 May’21. Disparity in bids and offers as well as supply-demand mismatch resulted in falling prices. SteelMint recorded a few trades for P-DRI (FeM 80%) at INR…