India: Raipur based sponge makers raise offers on active bookings

Raipur based sponge iron manufacturers have raised their offers by INR 400-500/t on renewed buying interest. SteelMint learned active trades of over 5,000 t at INR 19,000-19,300/t exw, for P-DRI. While fresh offers revised by few mid size plants at INR 19,500/t exw. Chattisgarh (Raipur) is one of the largest sponge iron producers with an annual capacity of 12.2 mn t.