India: Raipur sponge iron prices rise tracking billet market

Pellet-based DRI (P-DRI, FeM 80%) prices rose by INR 500/t to INR 33,000/t exw Raipur today, as per SteelMint’s assessment. Prices remain strong on active demand followed by rising billet prices by INR 700/t, d-o-d.

  • 5,500 t of P-DRI (FeM 79-80%) deals were reported at INR 32,800-33,000/t on exw and DAP Raipur basis.

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