Author: Manish Vasdev
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India: Sponge iron prices drop by INR 100/t on limited inquiries
SteelMint’s benchmark sponge iron price assessment moved down by INR 100/t (d-o-d) in Raipur (central India), following drop in spot trade volume by 40-45% as against yesterday. Total of around 2,000 t P-DRI trades have been reported today by local plants at INR 24,800-24,900/t exw and about 500-1,000 t trades from Raigarh at INR 24,900/t…