India: Over 6,000 t of sponge iron deals reported in Raipur

Sponge iron demand remained strong in Raipur today on lower offers.

• Sponge iron, P-DRI (FeM 80%), prices rose by INR 200/t to INR 29,200/t exw. Around 6,500 t of deals were confirmed at INR 28,900-29,200/t exw/FOR Raipur. A few plants raised offers at INR 29,500/t, although no deals were confirmed till publishing this assessment.
• 1,500 t of sponge DR CLO deals were reported at around INR 32,000/t exw.