Indian sponge iron (DRI) prices down by Rs 700/t w-o-w

Sponge iron (DRI) prices in Indian market noticed further correction of Rs 100-200 per tonne on Saturday.  In last one week prices have gone down by up to Rs 700 per tonne on falling billet and ingot prices.

Current Offers for Sponge iron across India

Raipur= Rs 20,500-600 [- 500] (79 FeM, Basic)

Raigarh= Rs 19,800/t [- 700] (79 FeM, Basic)

Rourkela= Rs 18,800/t [- 500]  (78 FeM, Basic)

Bellary= Rs 18,600/t [- 200]  (75 FeM, Basic)

Bellary(Pellet Sponge)= Rs 17,300/t [- 200]  (75 FeM, Basic)

Durgapur= Rs 20,300/t [- 700]  (79 FeM, Basic)