Author: Manish Vasdev

SteelMint’s benchmark sponge iron prices fall further by INR 500/t ($7) on limited bids

Apr 19, 2021

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by

Manish Vasdev

in Sponge Iron

SteelMint’s benchmark sponge iron (P-DRI) prices fell further by INR 500/t to INR 30,000/t ($400), exw Raipur, Central India. Prices dropped due to lower bids and weak demand. The plants floated offers at INR 30,200-600/t exw, however a few bids/trades have been reported at INR 30,000/t on exw & FoR Raipur basis. Similarly, the sponge…