India: Over 11,000 t of sponge iron traded in Raipur, Chhattisgarh

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SteelMint’s sponge P-DRI (FeM 80%) price assessment decreased by INR 200/t to INR 31,200/t exw-Raipur today. As offers came down, suppliers received healthy orders.
7,500 t of FeM 80% P-DRI deals were recorded at INR 31,000-31,300/t on exw and DAP basis, while 4,000 t of FeM 77-78% were traded at INR 30,600-31,100/t DAP.
Few deals of DR-CLO grade sponge were concluded at INR 35,400-35,500/t exw.

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