Intel Details

India: Sponge prices hit one-month high in Raipur

Sponge Iron
20 Sep 2021, 19:13 IST
Steel Mint Intel

SteelMint's daily assessment for Raipur sponge P-DRI stands at INR 30,500/t exw, up INR 300/t. Prices hit the highest level in a month due to slight supply shortage and rise in billet offers by INR 550/t, d-o-d.

  • 5,000 t P-DRI deals were confirmed at around INR 30,200-30,500/t. Offers were at INR 30,400-30,600/t on exw and FOR Raipur basis.
  • Indicative price for DR CLO grade sponge is assessed at INR 33,500/t exw.

20 Sep 2021, 19:13 IST
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