Author: Manish Vasdev

India: Sponge iron prices in Raipur drop by INR 400/t on low bids

May 24, 2021

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by

Manish Vasdev

in Sponge Iron

SteelMint’s benchmark sponge iron (P-DRI) prices dropped by INR 400/t to INR 29,100/t ($399), exw Raipur, Central India. Prices fell on account of low bids, fall in billet prices amidst healthy supply of sponge iron, SteelMint notes. Raipur plants floated P-DRI (FeM 80%) offers today at INR 29,400-29,600/t, exw. However, SteelMint confirmed around 2,000 t…