India: 5,000 t sponge iron deals concluded in Raipur, Chhattisgarh

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SteelMint’s price assessment for sponge P-DRI (FeM 80%) decreased by INR 200/t to INR 31,400/t exw-Raipur. Demand continues to remain subdued.
About 2,800 t of FeM 80% P-DRI deals were reported at INR 31,300-31,400/t on exw and DAP basis, while around 2,000 t of FeM 78% P-DRI deals were confirmed at INR 30,800-31,000/t on DAP Raipur basis.

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