Author: Manish Vasdev
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SteelMint’s benchmark sponge iron prices drop further tracking billet price corrections
SteelMint’s benchmark sponge iron (P-DRI) prices fell further by INR 200/t to INR 27,000/t ($372), exw Raipur, Central India. The prices declined following a drop in billet prices along with competitive offers from outside plants. The Raipur based plants floated P-DRI offers at INR 27,200/t exw, whereas around 1,500 t deals have been reported from…