Author: Manish Vasdev
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SteelMint’s benchmark sponge iron price rallies by INR 600/t ($8)
Benchmark sponge iron (P-DRI) prices gained by INR 600/t to INR 29,400/t ($398), exw Raipur, Central India. The demand remained active following a sharp surge in billet prices by INR 900/t, d-o-d. The prices remained strong amid predictions that falling sponge iron supply may result in rise in prices along with resumption of operations in…