SteelMint’s assessment for sponge iron, P-DRI (FeM 80%), rose by INR 200/t to INR 29,000/t exw-Raipur on 14 Dec’21. Prices rallied following strong billet offers along with rise in domestic pellet offers. This prompted suppliers to keep sponge iron prices strong even though traded volumes fell today.
- 2,500 t of P-DRI deals were reported at around INR 29,000/t versus offers of INR 29,200-29,500/t on exw and DAP basis.
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