Author: Manish Vasdev
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India: Low bids weigh down sponge iron prices in Raipur
Weak buying sentiments and falling billet prices sat heavy on sponge iron (P-DRI) prices on 25 May’21, as SteelMint’s benchmark Raipur (Central India) prices fell further by INR 400/t to INR 28,700/t ($394), exw. Raipur plants floated P-DRI (FeM 80%) offers at INR 28,800-29,000/t, exw. Around 2,500 t deals were confirmed by SteelMint at around…