On February 20, SteelOrbis reported domestic DRI prices in India at INR 20,000-20,050/mt ($308-309/mt) ex-warehouse Raipur.
Sources inform SteelOrbis that prices are trending slightly soft this week in domestic currency at INR 19,900-20,000/mt ($305-307/mt) ex-warehouse Raipur. In dollar terms, prices declined $3/mt from the bottom of the previous range and $2/mt from the top of the same range.
USD = INR 64.89 (Feb 20)
USD = INR 65.14 (Feb 27)