India: Sponge iron demand in Raipur remains weak on bid-offer disparity

SteelMint’s price assessment for P-DRI (FeM 80%) stable today at INR 28,500/t exw-Raipur.

• Offers by Raipur based plants were floated at INR 28,500-28,700/t exw, (FeM 80%) while those from outside Raipur suppliers were reported at INR 28,300-28,400/t FoR Raipur, (FeM 79%). However, only a few deals have been confirmed at prices lower by INR 200-300/t than offers.