Intel Details

India: Raipur sponge iron prices drop INR 100/t on softening billet prices

Sponge Iron
21 Jun 2021, 18:45 IST
Steel Mint Intel

SteelMint's benchmark sponge P-DRI (FeM 80%) prices dropped marginally by INR 100/t to INR 30,700/t, exw Raipur, on 21 Jun'21. Prices fell due to low bids and fall in billet prices by INR 300/t.

  • About 2,500 t of P-DRI deals were reported at around INR 30,700/t against offers at INR 30,800-31,000/t, exw and FoR Raipur. Although a couple of plants claimed to have booked at INR 30,500-600/t, exw Raipur, SteelMint could not confirm these transactions.
  • A few suppliers floated DR-CLO grade sponge iron offers which were assessed at INR 33,700-33,900/t, exw.

21 Jun 2021, 18:45 IST
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