Author: Ratiram Gurjar
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India: PELLEX remains stable despite sharp drop in sponge PDRI prices
Market remains cautious ahead of OMC’s iron ore auction on 18 Apr Producers struggle to pass on rising costs from higher iron ore prices Pellet prices in the Raipur region remained largely stable on 17 April despite a sharp drop in pellet-based sponge iron (PDRI) prices, as a downward correction in offers helped revive some buying…