Today, Indian domestic sponge prices slip marginally by INR 100/MT over subdued trade activities.
SteelMint’s price assessment for the day for 78-80 FeM Coal based C-DRI sponge are assessed at INR 15,000-16,200/MT & P-DRI are at INR 14,300-15,800/MT ex-plant.
Domestic sponge offers as on 7 Jul’17
| Particular |
Commodity/78- 80 FeM grade |
Prices |
D-o-D |
W-o-W |
Remarks |
| Ex-Durgapur |
C-DRI |
15,300 |
0 |
-350 |
Moderate trade activities, according to the manufacturers |
|
P-DRI |
14,300 |
0 |
-350 |
||
| Ex-Rourkela |
C-DRI |
15,050 |
– 150 |
-200 |
Seasonal weak demand from other states |
|
P-DRI |
– |
– |
– |
||
| Ex-Raipur |
C-DRI |
16,400 |
– 100 |
-800 |
Integrated plants have maintained P-DRI offers at same level |
|
P-DRI |
14,800 |
0 |
-600 |
||
| Ex-Bellary |
C-DRI |
16,200 |
0 |
+ 500 |
Offers remain firm as a day before price rise by INR 200-500/MT |
|
P-DRI |
15,800 |
0 |
+ 400 |
C-DRI: Sponge Iron made through Iron Ore
P-DRI: Sponge Iron made through Pellets
Basic Prices in INR/MT, GST @ 18% Extra
Source: SteelMint Research
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