- Pellet-based DRI (P-DRI, FeM 80%) prices rose by INR 600/t to INR 38,800/t exw Raipur today. Prices are edging higher on active demand and firming up of coal and billet prices.
- 5,500 t of P-DRI deals were reported in which FeM 78-79% material was sold at INR 38,100-400/t DAP Raipur, while FeM 79-80% was traded at INR 38,700-900/t on exw Raipur basis.
- Prices are expected to remain strong.
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