Author: Manish Vasdev
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Central India: Lower bids continue to pressure on sponge iron prices
SteelMint’s benchmark sponge iron (P-DRI) prices fell by INR 200/t to INR 29,000/t ($393), exw Raipur, Central India. Falling billet prices and lower bids remained as the major factors behind softening sponge iron prices. Manufacturers floated sponge P-DRI offers at INR 29,000-29,200/t, however a few deals were recorded at INR 28,800-29,000/t on exw & FoR…