Author: Manish Vasdev

India: Sponge iron prices in Raipur rebound on improved trades

Nov 27, 2020

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by

Manish Vasdev

in Sponge Iron

After a significant fall, SteelMint’s benchmark sponge iron prices moved up by INR 200/t (d-o-d) in Raipur on improved demand. Total 2,000-2,500 t P-DRI trades have been reported today by local plants at INR 24,300-500/t exw, while about 1,500 t trades have been reported from Raigarh at INR 24,500/t on FoR Raipur basis. There are…