Author: Manish Vasdev

SteelMint’s benchmark sponge iron prices drop by INR 500/t ($7), further drop less likely

Jan 20, 2021

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by

Manish Vasdev

in Sponge Iron

Benchmark sponge iron (P-DRI) prices have declined further by INR 500/t to INR 24,400/t ($334) exw Raipur (central India) due to limited spot trades. The manufacturers have floated offers at INR 24,400-24,600/t, however a total of around 1,500 t deals have been confirmed at INR 24,300-500/t exw. According to the sponge makers, offers are less…