Intel Details

India: Sponge iron prices dip on limited demand

Sponge Iron
17 Dec 2021, 19:08 IST
Steel Mint Intel

SteelMint's assessment for sponge iron, P-DRI (FeM 80%), dropped marginally by INR 100/t to INR 28,800/t exw-Raipur. Prices declined due to limited enquiries following a correction in billet prices by INR 200/t, d-o-d.

  • About 1,000 t of P-DRI deals were reported at around INR 28,700-28,900/t on DAP basis, versus offers of INR 29,000-29,300/t on exw basis.

17 Dec 2021, 19:08 IST
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