Raipur sponge iron prices rise further on demand recovery

  • SteelMint’s price assessment for sponge P-DRI (FeM 80%) in Raipur rose by INR 200/t to INR 33,000/t exw.
  • About 3,700 t of FeM 80% P-DRI deals were reported at INR 32,800-33,100/t exw, while around 1,500 t of FeM 78% P-DRI deals were confirmed at INR 32,400-32,600/t on DAP Raipur basis.
  • Prices remained supported amid slight shortage for ready dispatch along with healthy orders with suppliers and higher coal prices.

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