Author: Manish Vasdev
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India: Sponge iron prices in Raipur rise on active demand, supply shortage
Pellet-based DRI (P-DRI, FeM 80%) prices rose by INR 700/t to INR 31,200/t exw-Raipur today, as per SteelMint’s assessment. Prices remain strong on slight supply shortage, active demand and surge in coal & billet offers. About 4,000 t of P-DRI (FeM 79-80%) deals were reported at INR 30,900-31,200/t versus offers of INR 31,200-31,400/t on exw…