Major sponge iron producers in Raipur have reported about 6,000 t confirmed deals of sponge P-DRI at INR 21,000-21,100/t exw, an increase of INR 300/t, d-o-d. Also, about 2,000 t deals learned at INR 21,100-300/t FoR Raipur from Raigarh. Meanwhile, few plants have revised their offers to INR 21,300-400/t exw, Raipur. However no fresh orders have been reported yet. Sources added that target deals have been done today & fresh orders on revised offers may depend on billet price movement & the furnace’s requirement.
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