India: Over 7,000 t sponge iron traded in Raipur, prices rise

• SteelMint's price assessment for sponge P-DRI (FeM 80%) climbed INR 700/t to INR 32,000/t exw-Raipur.
• About 3,220 t of deals for FeM 80% P-DRI were reported at INR 31,900-32,000/t on exw, while around 4,000 t of FeM 77-78% material was traded at INR 31,300-31,800/t on DAP Raipur basis.
• Demand remained active on rising billet prices and restocking ahead of the approaching monsoons.