Author: Manish Vasdev
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Central India: Sponge P-DRI prices fall after hitting record-high
SteelMint’s benchmark sponge iron (P-DRI) prices fell today by INR 400/t to INR 32,000/t ($435) exw. The major buyers were holding fresh bookings on floated offers by Raipur plants, however, a few trades were heard from outside plants. Raipur based plants have floated P-DRI offers at INR 32,400-600/t exw, however deals from outside were heard…