Author: Manish Vasdev
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Sponge iron price falls by INR 400/t in Raipur amid limited enquiries
SteelMint’s benchmark sponge iron (P-DRI) prices fell by INR 400/t today to INR 30,000/t ($410), exw Raipur, Central India. Lower bids, improved availibility as well falling billet prices remained key factors behind the price correction. Raipur plants offered P-DRI (FeM 80%) at INR 30,000-30,200/t, exw. However a few deals were assessed at INR 30,000/t, FoR…