Lump ore shortage pushes up India’s domestic prices for DRI

Domestic prices for direct-reduced iron (DRI) in the eastern Indian market have increased slightly by about Rs200 ($3) per tonne on account of short supply of lump ore to kilns.

Lump ore-based sponge iron prices on Monday June 24 increased to Rs19,300-19,400 per tonne ex-plant, compared with Rs19,100-19,200 per tonne last week. “There is shortage of lump ore and that’s because of the rains I think. Otherwise, there is no change in the weak...

Published

Suresh Nair

June 25, 2013

08:44 GMT

Mumbai