Author: Manish Vasdev

Benchmark sponge iron (P-DRI) price fell by INR 100/t in Raipur (central India) despite uptrend in billet prices. Improved supply and limited buying on higher offers remained as the key factors behind this slight fall in sponge prices today. The major inquiries were reported at INR 26,000/t against floated offers at INR 26,200-400/t exw. Meanwhile,…