On February 6, SteelOrbis reported domestic DRI prices in India at INR 19,800-20,000/mt ($309-312/mt) ex-warehouse Raipur region which softened slightly week-on-week.
According to sources, domestic DRI in the Raipur region is reportedly now slightly up in domestic currency at INR 20,000-20,050/mt ($311-312/mt) ex-warehouse. In dollar terms, prices moved to the top of the previous range.
USD = INR 64.15 (Feb 6)
USD = INR 64.27 (Feb 13)