P-DRI (FeM 80%) prices in Raipur rose INR 2,000/t to INR 35,300/t exw today. Rising billet offers and rally in coal prices continued to boost prices. Buyers were less interested in the floated offers, though. Prices hit the highest since SteelMint started maintaining data in Jul’12.
- Deals were reported at INR 35,300-35,400/t on exw and FOR basis versus offers at INR 35,500-35,700/t exw-Raipur.
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