Author: Manish Vasdev

India: Sponge iron prices up by INR 500/t in Raipur on billet market rally

May 31, 2021

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by

Manish Vasdev

in Sponge Iron

SteelMint’s benchmark sponge P-DRI (FeM 80%) prices moved up by INR 500/t to INR 29,500/t, exw Raipur (Central India), on 31 May’21. Prices increased following the rise in billet prices by INR 750/t on optimistic trends. Around 2,500 t of P-DRI trades were recorded at INR 29,400-29,500/t against offers of INR 29,500-700/t, exw & FoR…