India’s domestic DRI prices trend up

Thursday, 18 July 2019 21:59:10 (GMT+3)   |   San Diego

On July 9, SteelOrbis reported Indian domestic DRI prices down at INR 15,800-16,100/mt ($230-235/mt ex-Raipur (east-central India).

Sources inform SteelOrbis that prices are now reportedly up at INR 16,800-17,000/mt ($244-247/mt) ex-Raipur. Prices have increased by $14/mt from the bottom of the previous range and $12/mt from the top of the same range. A source noted a tighter supply of DRI in the spot market.

USD = INR 68.56 (Jul 9)

USD = INR 68.83 (Jul 18)

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