Author: Manish Vasdev

Central India: Sponge prices slump by INR 500/t on competitive offers from outside plants

Apr 20, 2021

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by

Manish Vasdev

in Sponge Iron

SteelMint’s benchmark sponge iron (P-DRI) prices dropped further by INR 500/t to INR 29,500/t ($393), exw Raipur, Central India. Prices are falling continuously due to poor demand and competitive offers from outside plants. A few deals have been reported at INR 29,300-29,500/t on exw & FoR basis, while no major bids have been reported on…