- Pellet-based DRI (P-DRI, FeM 80%) prices rose by INR 300/t to INR 35,200/t exw-Raipur today.
- About 4,900 t of P-DRI deals were reported, in which FeM 78-79% were sold at INR 34,600-800/t DAP Raipur, while FeM 79-80% were traded at INR 35,100-200/t on exw Raipur basis.
- Prices are expected to rise further as demand is active amidst surging billet prices on optimistic trends, SteelMint notes.
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