India: Raipur sponge iron prices rise further on active demand

Sponge P-DRI prices in Raipur moved up INR 400/t to INR 32,900/t exw. Prices remained supported on active demand and healthy deals concluded yesterday on low offers. Suppliers kept prices strong as selling pressure eased.

  • 3,500 t of P-DRI deals were reported at INR 32,600-33,000/t on exw and FOR Raipur basis. A few parcels of DR-CLO grade sponge was sold at INR 36,200-300/t exw.

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