Author: Manish Vasdev
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Central India: Sponge iron price drops by INR 200/t ($3) on lower bids
SteelMint’s benchmark sponge iron (P-DRI) prices fell by INR 200/t to INR 29,200/t ($396), exw Raipur, Central India. Lower bids along with falling billet prices created pressure on sponge prices. The bids from furnaces were quite lower, as a result, limited deals occurred today. Sponge P-DRI offers were floated at INR 29,200-29,400/t exw & deals…