Intel Details

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

Sponge Iron
17 Jun 2022, 18:57 IST
Steel Mint Intel

  • 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.

17 Jun 2022, 18:57 IST
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