Intel Details

India: Raipur sponge market witnesses around 5,000 t of deals

Sponge Iron
15 Jul 2021, 19:15 IST
Steel Mint Intel

SteelMint's benchmark pellet sponge (P-DRI, FeM 80%) prices rose by INR 200/t to INR 29,000/t exw Raipur on 15 Jul'21. Renewed buying, following the recent upshot in billet prices, led to improved demand for sponge iron.

  • About 5,000 t of P-DRI deals were reported at INR 28,900-29,000/t as against offers at INR 29,000-29,200/t exw and FoR Raipur.
  • DR CLO grade sponge iron offers were stable at around INR 31,500/t. Indicative trade prices improved slightly to INR 31,200-31,300/t exw.

15 Jul 2021, 19:15 IST
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