Author: Manish Vasdev
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India: Sponge iron demand remains active in Raipur, prices edge higher
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…