Sponge iron (DRI) prices in Indian market kept unchanged at similar levels from last week, when prices gained almost Rs 1,000/t on rising steel prices and low production in December.
Current offers stand at Rs 19,000-21,000/t ($350-390/t), ex-works, manufacturers hold offers on modest demand.
Current Offers for Sponge iron across India
Raipur= Rs 21,000 (79 FeM, Basic)
Raigarh= Rs 20,700/t (79 FeM, Basic)
Rourkela= Rs 19,200-900/t (78 FeM, Basic)
Bellary= Rs 18,700/t (75 FeM, Basic)
Bellary(Pellet Sponge)= Rs 17,300/t (75 FeM, Basic)
Durgapur= Rs 24,500/t (79 FeM, Incld All)
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