Author: Manish Vasdev

India: Renewed buying lifts sponge iron prices in Raipur

Dec 22, 2021

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by

Manish Vasdev

in Sponge Iron

SteelMint’s assessment for pellet-based DRI (P-DRI) rose by INR 300/t to INR 28,800/t exw-Raipur, for FeM 80%. Sponge iron trades improved today following recovery in billet demand. About 6,000 t of P-DRI deals were confirmed in the range of INR 28,500-28,800/t on exw and DAP basis, for FeM 79-80%. Also, 1,000 t deals of DR-CLO…