Central India: Raipur P-DRI trades pick up; 10,000t deals reported

Major sponge manufacturers in Raipur (central India) have reported healthy bookings with slight reduction in offers by INR 100/t to INR 15,700-800/t EXW Raipur, for P-DRI. As per sources,10,000 t deals in total were concluded today by 3-4 major merchant sponge suppliers in Raipur. Also, dispatches have slowed down due to material shortage, SteelMint learned from participants.