Imported DRI keeps domestic Indian prices soft

Domestic prices for direct reduction iron (DRI) in India remained subdued this week as cheaper imported material kept prices soft.

Prices for lump ore-based DRI were in the range Rs18,500-18,600 ($302-304) per tonne ex-works on Friday, unchanged for two weeks. Pellet-based DRI was selling at Rs17,500-17,600 ($286-288) per tonne ex-works. “The demand for DRI is very weak because of falling demand for long...

Published

Suresh Nair

August 12, 2013

05:33 GMT

Mumbai