Raipur (central India) based major sponge producers have reported active demand for pellet sponge (P-DRI) today as healthy bookings were reported despite hike in price range today by INR 200-300/t. About 7,000-8,000t sponge P-DRI deals were made at INR 15,900-16,100/t EXW Raipur for P-DRI. Sources reported, supply remained tight in the spot market as few suppliers have put their sales on hold after decent bookings with major producers.
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