Sponge iron trades in Raipur slowed down today on account of continuous hike in prices along with sufficient orders, the major producers have reported to SteelMint. Also, it is learned that, due to limited margins, few hot charging plants have offered sponge in the spot market rather than keeping stock for their own billets or finished steel production. Around 2,000 t P-DRI trades have been learned today by the resellers & a couple of plants at around INR 21,700/t against offers of INR 21,800-22,000/t exw, for P-DRI.
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