Sponge iron (DRI) prices in Indian market correct further by RS 100-200/t.This week has been tough for sponge manufacturers as prices have corrected almost Rs 600-700 per tonne.
Billet prices continue to move down in domestic market resulting in low demand for sponge iron and scrap.
Current Offers for Sponge iron across India
Raipur= Rs 20,600 (79 FeM, Basic)
Raigarh= Rs 20,000-200/t (79 FeM, Basic)
Rourkela= Rs 19,000/t (78 FeM, Basic)
Bellary= Rs 18,700/t (75 FeM, Basic)
Bellary(Pellet Sponge)= Rs 17,300/t (75 FeM, Basic)
Durgapur= Rs 23,700/t (79 FeM, Incld All)
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