Author: Manish Vasdev

SteelMint’s benchmark sponge iron price drops by INR 100/t

Dec 29, 2020

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by

Manish Vasdev

in Sponge Iron

Benchmark sponge iron (P-DRI) price dropped further by INR 100/t in Raipur (central India) despite uptrend in billet prices. As per the billet manufacturers, sponge iron prices are likely to remain under pressure as the majority of sponge plants have sufficient stocks. Today, a total of around 4,500 t deals were reported at INR 25,800-26,000/t…