Author: Manish Vasdev

India: Sponge iron demand strong in Raipur, prices rise

Aug 16, 2021

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by

Manish Vasdev

in Sponge Iron

Strong demand as well as supply shortage continue to support sponge iron prices. SteelMint’s benchmark pellet sponge (P-DRI, FeM 80%) prices in Raipur rose further by INR 100/t to INR 32,000/t exw. Participants are expecting a surge in prices in the coming days due to scarcity of prompt deliveries of sponge iron. About 4,500 t…