Author: Manish Vasdev

SteelMint’s benchmark sponge prices rally tracking gains in Iron ore

Apr 14, 2021

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by

Manish Vasdev

in Sponge Iron

Benchmark sponge iron (P-DRI) prices gained today by INR 1,000-1,100/t to INR 30,300/t ($403), exw Raipur, Central India. The prices rose sharply following a hike in NMDC’s iron ore prices by INR 500-1,280/t. SteelMint confirmed a few deals for P-DRI at INR 30,200-400/t as against floated offers at INR 30,500/t exw. Similarly, for sponge DR…