Sponge iron (DRI) prices in Indian market remained unchanged with manufacturers mention restricted supply of iron ore in the country. Many also believe that prices likely to remain range bound on low production and higher power costs and high scrap offers in global market.
Current Offers for Sponge iron across India
Raipur= Rs 20,600 (79 FeM, Basic)
Raigarh= Rs 20,000/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 23,600/t (79 FeM, Incld All)
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