Author: Manish Vasdev
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SteelMint’s benchmark sponge iron price up by INR 200-300/t on improved inquiries
SteelMint’s price assessment for sponge iron increased by INR 200-300/t (d-o-d) in Raipur (central India). Trades improved by 60% d-o-d, following surge in billet price. Total of around 3,000 t P-DRI trades have been reported by local plants at INR 25,000-25,200/t exw in Raipur. Meanwhile, about 1,500 t deals were reported from Raigarh & Odisha…