Author: Manish Vasdev
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Central India: Lower bids weigh on sponge iron prices
SteelMint’s benchmark sponge iron (P-DRI) prices fell further by INR 400/t to INR 31,000/t ($423) exw Raipur, Central India. Lower bids as well as competitive offers from resellers & outside plants resulted in a fall in sponge iron prices. Raipur based plants floated P-DRI (FeM 80%) offers at INR 31,200-31,300/t exw, however the same from…