Author: Manish Vasdev

Raipur sponge iron prices fall marginally tracking decline in billet offers

Jun 30, 2022

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by

Manish Vasdev

in Sponge Iron

SteelMint’s price assessment for sponge P-DRI (FeM 80%) in Raipur fell marginally by INR 100/t to INR 32,700/t exw. The decline in billet offers weighed on sponge iron market. About 3,800 t of FeM 78-80% P-DRI deals were reported at INR 32,500-32,700/t on exw and DAP Raipur basis. Lower bids due to dull finished steel…