P-DRI (FeM 80%) prices in Raipur dropped further by INR 300/t to INR 34,400/t exw today. Falling billet prices and prevailing sluggish trends are putting pressure on sponge prices.
- A few deals were reported at around INR 34,700/t in the first half today. However, later in the day a few buying enquiries were assessed at INR 34,000-34,200/t against offers at INR 34,500-34,800/t on exw and FOR Raipur basis.
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