India: WB-based plant offering sponge in Raipur at competitive rates

An official from a West Bengal-based plant in eastern India has reported that sponge P-DRI (FeM 78-79%) offers for Raipur in central India are at INR 29,000-29,200/t, FoR. Sponge iron manufacturers in Raipur have floated offers at INR 29,400-600/t, exw, for FeM 80% material. Sponge iron prices in Raipur remain under pressure, dropping by INR 1,000/t w-o-w, on weak demand.