India: Raipur sponge iron prices fall by INR 500/t

Lower bids and poor buying interest coupled with desperate sale by a few plants resulted in a sharp fall in Raipur P-DRI prices by INR 500/t to INR 32,200/t exw today.

  • About 2,000 t of P-DRI deals were reported at INR 32,000-32,100/t exw, while a few sellers were seeking buyers at around INR 32,300/t against floated offers of INR 32,500-32,700/t on exw and FOR Raipur basis.

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