Author: Manish Vasdev
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SteelMint’s benchmark sponge iron price drops slightly on less inquiries
SteelMint’s price assessment for sponge iron dropped by INR 50-100/t (d-o-d) in Raipur (central India). The local producers in Raipur floated P-DRI offers at INR 25,000-25,200/t, while a few buying inquiries were reported at around INR 24,800/t exw. Also, Odisha & Raigarh based plants floated offers at INR 25,100-200/t FoR Raipur, but no major trades…