Author: Manish Vasdev

India: Sponge iron demand improves in Raipur with over 6,000 t deals

Aug 30, 2021

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by

Manish Vasdev

in Sponge Iron

Sponge P-DRI (FeM 80%) prices in Raipur rebounded slightly by INR 100/t to INR 29,500/t exw. Prices recovered following improvement in trading activities since the middle of last week. SteelMint confirmed around 6,500 t of P-DRI deals at INR 29,300-29,500/t versus offers at INR 29,500-29,800/t on exw and FoR Raipur basis. Also, with healthy bookings,…