Author: Manish Vasdev

SteelMint’s benchmark sponge iron (P-DRI) prices rebounded today, increasing by INR 200/t to INR 27,200/t ($375), exw Raipur, Central India. Slight improvement in demand following hike in billet offers have resulted in rise in sponge iron prices. About 3,000 t confirmed deals for P-DRI have been reported at INR 27,100-200/t on exw & FoR basis,…