- SteelMint’s price assessment for sponge P-DRI (FeM 80%) in Raipur fell marginally by INR 100/t to INR 32,700/t exw. The decline in billet offers weighed on sponge iron market.
- About 3,800 t of FeM 78-80% P-DRI deals were reported at INR 32,500-32,700/t on exw and DAP Raipur basis.
- Lower bids due to dull finished steel sales resulted in the fall in billet and sponge iron prices in Raipur.
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