India: Sponge prices rise in Raipur, 5,000 t deals reported

Raipur sponge P-DRI (FeM 80%) prices rose by INR 300/t to INR 29,500/t exw, on 17 Nov’21.

• About 5,000 t of deals were confirmed at INR 29,300-29,600/t exw and FOR Raipur. A few plants claimed to have settled deals at INR 29,700/t; however, no such deals were confirmed till publishing this assessment.
• Sponge DR CLO grade deals were reported at INR 32,400-32,600/t exw.