Author: Manish Vasdev
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Central India: Sponge iron offers rally on strong demand
Sponge iron trades have remained supported despite price rally. SteelMint’s benchmark price increased for the second straight day by INR 600/t with over 5,000 t deals being reported. About five plants confirmed P-DRI deals at INR 23,400-600/t exw, with majority of trades being concluded by Raipur based plants. Billet makers added that they are willing…