Author: Rounak Gairarey
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South India based major sponge iron producer reduces offer by INR 900/t ($13)
Bellary, Karnataka based BMM Ispat has lowered its sponge P-DRI offer by INR 900/t. Current offer stands at INR 25,500/t exw. The prices have been reduced following drop in billet prices amid weaker demand. Further it is expected that prices may remain under pressure in the coming days on demand-supply mismatch. BMM Ispat has a…