Pellet sponge (P-DRI, FeM 80%) prices in the Raipur market rose by INR 300/t to INR 30,000/t exw on 26 Jul’21. Prices headed north following active demand as well as increase in billet prices. Sources expect prices to remain strong due to slight supply shortage. The current offers were last recorded on 25 Jun’21.
About 4,000 t of P-DRI deals were reported at INR 29,600-30,000/t on exw and FoR Raipur basis.
Prices of DR CLO grade sponge iron rose further over limited supplies and deals have been reported at INR 32,700-32,900/t as against offers at around INR 33,000-33,200/t exw.
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