Author: Manish Vasdev

India: Raipur sponge demand improves, over 6,000 t of deals reported

Sep 28, 2021

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by

Manish Vasdev

in Sponge Iron

SteelMint’s assessment for Raipur sponge P-DRI (FeM 80%) rose by INR 300/t to INR 30,800/t exw. Active demand on rising billet prices and a positive outlook continued to support sponge prices across locations. Around 6,100 t of P-DRI deals were reported at INR 30,500-30,800/t on exw and FOR Raipur basis. Furthermore, suppliers forecast a surge…