Author: Manish Vasdev

India: Supply shortage, active demand lift sponge iron prices in Raipur

Dec 8, 2021

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by

Manish Vasdev

in Sponge Iron

SteelMint’s assessment for sponge iron, P-DRI (FeM 80%), rose by INR 600/t to INR 27,600/t exw-Raipur. Prices rose on active demand and temporary supply issues in the spot market due to shutdown of kilns at a few plants. 6,000 t of P-DRI deals were confirmed at INR 27,200-27,700/t on exw and DAP basis. Sponge iron…