Author: Manish Vasdev

SteelMint’s benchmark sponge iron prices drop by INR 100-200/t due to lack of trades

Apr 23, 2021

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by

Manish Vasdev

in Sponge Iron

Benchmark sponge iron (P-DRI) prices dropped by INR 100-200/t to INR 29,250/t ($390), exw Raipur, Central India. Weak demand in the spot market resulted in fall in price range. Sources are expecting prices to remain under pressure due to improved supply, low demand & competitive offers from outside plants. The Raipur based plants floated P-DRI…