After a significant fall, SteelMint’s benchmark sponge iron prices moved up by INR 200/t (d-o-d) in Raipur on improved demand. Total 2,000-2,500 t P-DRI trades have been reported today by local plants at INR 24,300-500/t exw, while about 1,500 t trades have been reported from Raigarh at INR 24,500/t on FoR Raipur basis. There are assumptions that price may increase tomorrow in the same proportion, following good demand and surging billet prices.
Leave a Reply