On February 26, SteelOrbis reported Indian domestic DRI prices at INR 19,700/mt ($277/mt) ex-Raipur.
Sources inform SteelOrbis that prices have encountered an uptick over the past week and are now reportedly at INR 20,000/mt ($285/mt) ex-Raipur in the state of Chhattisgarh in central India, up $8/mt. Source noted that prices in the state of Odisha, east of Chhattisgarh, are also near the same level.
USD = INR 71.01 (Feb 26)
USD = INR 70.08 (Mar 6)