Author: Manish Vasdev

Benchmark sponge iron (P-DRI) prices gained sharply by INR 500/t to INR 27,500/t ($379), exw Raipur, Central India. Demand was strong due to renewed buying and sharp surge in billet prices by INR 1,000/t, d-o-d. Around 5,000 t sponge P-DRI deals have been concluded today, with around 70% volume sold by outside plants at an…