On February 27, SteelOrbis reported domestic DRI prices in India softening to INR 19,900-20,000/mt ($305-307/mt) ex-warehouse Raipur.
Sources inform SteelOrbis that domestic DRI prices are now slightly firmer at INR 20,100-20,300/mt ($310-313/mt) ex-warehouse Raipur. In dollar terms, prices increased $5/mt from the bottom of the previous range and $6/mt from the top of the same range.
USD = INR 65.14 (Feb 27)
USD = INR 64.86 (Mar 6)