Author: Manish Vasdev
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Central India: Sponge iron prices fall for second consecutive day on limited buying
SteelMint’s benchmark sponge iron (P-DRI) prices dropped further by INR 600/t (d-o-d) to INR 31,400/t ($429) exw. The fall in price is attributed to lower bids and cheaper offers from outside plants. Raipur based plants floated P-DRI (FeM 80%) offers at INR 31,700-32,000/t exw, however the same from outside plants was offered at INR 31,400/t…