Author: Manish Vasdev
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India: Sponge iron prices rise in Raipur
Pellet-based DRI (P-DRI, FeM 80%) prices rose by INR 900/t to INR 34,700/t exw Raipur today, as per SteelMint assessment. 8,800 t of P-DRI (FeM 79-80%) deals were reported at INR 34,300-34,800/t on exw and DAP Raipur basis. Prices rise further on strong demand and rising pellet, coal and billet prices.