Author: Manish Vasdev

India: Sponge iron prices rise further on active buying in Raipur

Jan 13, 2022

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by

Manish Vasdev

in Sponge Iron

Pellet-based DRI (P-DRI, FeM 80%) prices rose by INR 400/t to INR 32,500/t exw Raipur today, as per SteelMint’s assessment. Prices rallied on active demand amidst slight supply shortage and rising billet prices. 4,000 t of P-DRI deals were reported at INR 32,400-32,500/t on exw and DAP Raipur basis. DR CLO grade sponge iron traded…