DRI prices in India and China fall

November 2017. The decline in demand and price adjustment to the spongy iron market (DRI) in India, where in October, record quotes for this type of raw materials were seen in October. Corn for May supplies to Swut increased in price by 0.4% to 3.7225 dollars for a Bushel. The increase in gas prices will make LNG import more attractive and provide incentives for the development of the local gas industry. In the second week of December, the prices for reinforcement in the domestic market of China fell against the background of growing supplies and falling demand with the approach of the end of the year. Acetic acid 0.89 dollars (42 Indian rupees) 1 kg. At the beginning of the month, DRI rose against the background of a shortage of iron ore raw materials, but closer to the end of January the market was “blown away” in the wake of uncertainty against the future of the steel sector.

At the same time, in general, according to Steelmint, over the past week, prices have demonstrated minor lowering dynamics, which corresponds to the current trends in the market of iron ore raw materials in Southern. Beijing stimulates the introduction of advanced DRI production technologies, reducing the cost of production and the possibility of using low -quality raw materials. high -quality zhr per year. So, prices for Indian iron ore in the PRC fell by almost 18 % since the beginning of October.

Recall that the needs of the industry requires about 32 million. As a result of such rigid measures, steel factories that imported ore from Carnetaku are forced to stop production. As a result of about 500 small and medium -sized DRI manufacturers, in the areas of Chhattisgarh, Gujarat, Tamil Nadu, the Western Bengal will continue to increase prices or close. It is still difficult to determine whether the increasing dynamics of regional prices for DRI will be fixed. So, December 22, 2011. In the main production centers of India, the quotes on DRI amounted to 21,500 25,800 rupees per T ($ 408-489).

P prices for spongy iron in the regions of India (without excise fees and taxes), rupees for T P. Region for 01.eleven. However, a decrease in demand and reduction in the production of certain types of steel products are hardly allowed to allow DRI quotes to rise in the near future. This is the largest such zone of India, located 45 minutes from Delhi International Airport.