India: Sponge iron prices rise on improved demand in Raipur

Pellet-based DRI (P-DRI, FeM 80%) prices rose by INR 200/t to INR 33,000/t exw Raipur today, as per SteelMint assessment. Prices rose on renewed demand amid strengthening raw materials and steel billet prices.

• 7,000 t of P-DRI (FeM 79-80%) deals were reported at INR 32,700-33,000/t on exw and DAP Raipur basis.