Indian sponge iron prices move down by Rs 100-200 per tonne

Sponge iron (DRI) prices in Indian market correct marginally on low demand and falling steel futures on National Commodity Exchange.Although industry experts do not see sharp correction and expect prices to hold firm on rising scrap and pig iron prices in global market.

Current Offers for Sponge iron across India

Raipur= Rs 20,800 (79 FeM, Basic)

Raigarh= Rs 20,100-200/t (79 FeM, Basic)

Rourkela= Rs 19,100/t (78 FeM, Basic)

Bellary= Rs 18,700/t (75 FeM, Basic)

Bellary(Pellet Sponge)= Rs 17,300/t (75 FeM, Basic)

Durgapur= Rs 24,100/t (79 FeM, Incld All)