SteelMint’s benchmark sponge iron price assessment moved up by INR 400/t (d-o-d) in Raipur (central India) on improved demand. A total of 2,500-3,000 t P-DRI trades have been reported today by local plants at INR 24,800-25,000/t exw, while about 2,000 t trades have been reported from Raigarh at INR 25,000/t on FoR Raipur basis. There are assumptions that price may further increase tomorrow following active trades and strengthening billet prices.
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