Author: Manish Vasdev

  • India: Sponge iron prices rise further despite limited trades

    India: Sponge iron prices rise further despite limited trades

    SteelMint’s benchmark sponge iron price assessment increased by INR 100-200/t (d-o-d) in Raipur (central India), however trade volumes dropped sharply with no major inquiries reported. Today, P-DRI offers were quoted by manufacturers at INR 25,300-500/t, while about 1,500 t deals have been reported at around INR 25,200-300/t on exw & FoR Raipur basis from Raigarh.…