Author: Manish Vasdev

India: Raipur sponge iron prices up INR 500-600/t on rally in billet prices

May 28, 2021

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by

Manish Vasdev

in Sponge Iron

SteelMint’s benchmark sponge P-DRI (FeM 80%) prices moved up by INR 500-600/t to INR 29,000/t, exw Raipur (Central India), on 28 May’21. Prices rose following the rally in billet prices by INR 1,100/t d-o-d. Around 3,500 t of P-DRI trades were recorded at INR 28,800-29,000/t, on exw and FoR Raipur basis, including those by plants…