The price gap between Indian domestic pig iron and sponge iron has continued to widen lately and has now reached unusual levels. SteelMint’s assessment on 11 April 2022 reveals that domestic sponge iron (P-DRI) prices stood at INR 34,150/tonne (t) DAP (delivered at plant) Durgapur and those of pig iron (steel grade) at INR 56,300/t exw-Durgapur levels. The price spread between the two has increased to a record INR 22,150/t.
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