Author: Manish Vasdev

India: Sponge iron prices in Raipur fall sharply by INR 1,000/t ($14) on low bids

May 21, 2021

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by

Manish Vasdev

in Sponge Iron

SteelMint’s benchmark sponge iron (P-DRI) prices dropped sharply by INR 1,000/t to INR 29,000/t ($398), exw Raipur, Central India. Prices dropped sharply due to low bids, improved availability and a steep fall in billet prices by INR 1,000/t, d-o-d. Raipur plants have reduced P-DRI (FeM 80%) offers to INR 29,300-29,500/t, exw. However, SteelMint heard deals…