Tag: Raipur Sponge

The price difference between P-DRI and C-DRI has reached to INR 2,000/MT levels, which should ideally be INR 1,200-1,300/MT. Market participants mentioned that low supply of Iron ore Lump has forced Sponge manufacturers to prefer Pellets. Increasing availability of Pellet sponge (P-DRI) is the major reason for price difference. In FY14, Indian merchant Iron ore…