Author: Manish Vasdev
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Indian sponge iron prices drop on dull inquiries
A continuous drop in billet & rebar prices and slow trades in the sponge iron market resulted in a fall in SteelMint’s benchmark price by INR 100/t, d-o-d. Today, local producers floated P-DRI offers at INR 24,400/t, while bids were reported at INR 24,000-24,100/t. However, a few of deals of about 600-800 t have been…