February 22, 2012: Indian sponge (DRI) producers have raised their offers by Rs 200-300/ton on improved demand and rising steel prices.

Indian steel prices have recovered a bit after primary steel producers like TATA and SAIL hiked their steel prices. In the same line steel prices have gained momentum in physical and futures market.

Current prices
RAIPUR - Rs 24,000/ton
RAIGARH - Rs 22,800/ton
DURGAPUR - Rs 23,600/ton
Source: ISMW