India: Raipur based sponge makers hold offers on active bookings

Raipur based sponge iron manufacturers have held back their offers after active bookings made on Saturday. SteelMint learned trades of around 5,000 t P-DRI at around INR 18,700-18,900/t exw Raipur, on renewed buying interest and rising billet prices. Raipur (Chhattisgarh) is one of the largest sponge iron producers with an annual capacity of about 12.2 mn t.