The major sponge P-DRI manufacturers in Raipur have further reduced their offers by INR 200/t to INR 19,700-19,900/t exw. However, no fresh deals have been concluded by the plants, as per information gathered by SteelMint. Trade participants reported few bids close to INR 19,500/t exw, while there were no sellers due to sufficient orders in hand amid expectation of a rebound in prices.
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