On May 29, SteelOrbis reported Indian domestic DRI prices down at INR 18,500-18,700/mt ($265-268/mt) ex-Raipur (east-central India).
Sources inform SteelOrbis that prices are now reportedly at INR 15,800-16,100/mt ($230-235/mt) ex-Raipur. Compared to over a month ago, prices in Raipur decreased by $35/mt from the bottom of the previous range and $33/mt from the top of the same range.
USD = INR 69.80 (May 29)
USD = INR 68.56 (Jul 9)