Category: Uncategorized

Indian sponge iron (DRI) prices have hit 40 months high on fresh deals. Current offers for Pellet sponge (P-DRI) are assessed at INR 20,000-20,100/MT (Ex-Raipur), INR 19,100-19,200/MT (Ex-Durgapur), INR 18,300-18,500/MT (Ex-Bellary). These prices were last noticed in August 2014. Factors driving prices 1. Market fears iron ore supply may get impacted from Odisha, post Supreme…