Author: Manish Vasdev

India: Supply shortage lifts Raipur sponge iron prices to 3-month high

Aug 11, 2021

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by

Manish Vasdev

in Sponge Iron

Pellet sponge (P-DRI, FeM 80%) prices in Raipur increased by INR 300/t today to INR 31,300/t exw, which has nearly touched a three-month high as the same range was last seen during mid-May’21. Seasonal supply concerns and strong demand continue to support sponge iron prices in central India, SteelMint notes. About 7,000 t of P-DRI…