Author: Manish Vasdev
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Central India: Sponge iron prices remain under pressure
SteelMint’s benchmark sponge iron (P-DRI) prices dropped by INR 200/t to INR 28,800/t ($385), exw Raipur, Central India. Demand remained poor due to decline in production by the furnaces & hot rolling mills. The Raipur based plants floated P-DRI offers at INR 28,800-29,000/t exw. Meanwhile, few bids have been reported at INR 28,700-800/t on FoR…