Author: Manish Vasdev
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Limited demand keeps benchmark sponge iron prices under pressure
SteelMint’s benchmark sponge iron (P-DRI) prices fell further by INR 200/t to INR 27,000/t ($372), exw Raipur, Central India owing to weak demand along with falling billet prices due to dull trades ahead of festive holidays. A few deals have been reported by the participants at INR 27,000/t on exw & FoR basis for P-DRI.…