Tag: DRI Imports
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India: Imported Sponge Iron Draws Attention as Scrap Prices Move Up
Imported sponge iron (DRI) has drawn attention of Indian importer as scrap prices moves up sharply. Although, India does not import sponge iron in large quantities but small parcels come in when prices are in parity with imported scrap prices. Notably, imported scrap prices have increased by upto USD 30/MT in last few weeks. In…