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)


Most Recent Related Articles

Indian pellets attract more Chinese buyers after surge in iron ore fines prices

Uptrend of Indian pellet export prices slows down as buyers become cautious

Indian pellet export prices continue to surge, sales volumes increase

Import scrap prices in India rise due to UAE export ban, demand weak

Indian pellet export prices touch two-month high