Author: Manish Vasdev

SteelMint’s benchmark sponge iron prices remain stable, demand weakens

Apr 22, 2021

—

by

Manish Vasdev

in Sponge Iron

Benchmark sponge iron (P-DRI) prices today remained stable at INR 29,400/t ($392), exw Raipur, Central India. The sponge iron demand continued to be weak despite a sharp rise in billet prices by INR 600/t, d-o-d. Sources reported that there is slight selling pressure on sponge makers while the furnaces are holding fresh bookings on expectations…