Sponge iron (DRI) prices in Indian market kept unchanged with sellers not in a hurry to cut offers. Sponge iron brokers believe that chances of sponge iron prices falling is limited as market anticipate pig iron prices to move up in February.
Current Offers for Sponge iron across India
Raipur= Rs 20,100-20,200 (79 FeM, Basic)
Raigarh= Rs 19,100-19,300/t (79 FeM, Basic)
Rourkela= Rs 18,600- 18,700/t (78 FeM, Basic)
Bellary= Rs 18,600/t (75 FeM, Basic)
Bellary(Pellet Sponge)= Rs 17,000/t (75 FeM, Basic)
Durgapur= Rs 20,300/t (79 FeM, Basic)
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