SteelMint

Author: Manish Vasdev

  • Lower bids pull down benchmark sponge iron prices

    Lower bids pull down benchmark sponge iron prices

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    by

    Manish Vasdev
    in

    SteelMint’s benchmark sponge iron (P-DRI) prices fell today by INR 150/t to INR 29,250/t ($388), exw Raipur, Central India on lower bids. Also, with falling billet prices, the sponge makers are forced to deal at lower prices. A few deals for P-DRI were recorded at INR 29,100-300/t FoR Raipur as against offers by local plants…