Author: Manish Vasdev

Central India: Sponge P-DRI prices hit new highs, buyers turn cautious

May 12, 2021

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by

Manish Vasdev

in Sponge Iron

SteelMint’s benchmark sponge iron (P-DRI) prices have registered a sharp surge by INR 3,500/t in the last 3 days with fresh offers at INR 32,400-500/t exw. However, on consecutive spikes in offers, the buyers have turned cautious resulting in limited bids/offers today. The majority of buyers have procured sponge C-DRI from Odisha which are produced…