Author: Manish Vasdev

Benchmark sponge iron (P-DRI) prices dropped sharply by INR 400/t to INR 29,700/t ($399), exw Raipur, Central India. The prices fell consecutively on the second day due to disparity between bids & offers along with constant drop in billet prices. A few deals for P-DRI have been reported at INR 29,500-700/t on exw & FoR…