Author: Manish Vasdev
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India: Raipur sponge iron prices hit one-month high
SteelMint’s assessment for pellet-based DRI (P-DRI) rose by INR 1,300/t to INR 31,200/t exw-Raipur, for FeM 80% material. Rising billet prices continued to support sponge prices. However, buyers remained cautious and are booking as per requirement. About 2,000 t of FeM 80% P-DRI deals were confirmed in the range of INR 31,100-31,300/t on exw basis,…