Author: Manish Vasdev

Central India: Sponge iron prices drop by INR 100/t, demand remains weak

Apr 21, 2021

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by

Manish Vasdev

in Sponge Iron

SteelMint’s benchmark sponge iron (P-DRI) prices fell slightly by INR 100/t to INR 29,400/t ($390), exw Raipur, Central India. Prices continued falling due to limited demand from the furnaces along with competitive offers from outside plants. The Raipur based plants floated P-DRI offers at INR 29,500-600/t exw, while deals from outside were reported at INR…