Author: Manish Vasdev

India: Raipur sponge iron prices rise on active billet demand

Jul 16, 2021

—

by

Manish Vasdev

in Sponge Iron

SteelMint’s benchmark pellet sponge (P-DRI, FeM 80%) prices rose by INR 100/t to INR 29,100/t exw Raipur on 16 Jul’21. Enquiries remain active following required support from rising billet demand, which has led to a slight increase in sponge prices, SteelMint observes. About 3,000 t of P-DRI deals were reported at INR 28,900-29,100/t as against…