DRI prices - direct reduced iron - Indian exports.
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DRI Prices

Steelmaking input costs - Direct Reduced Iron


DRI export prices, $ / metric tonne
YearMonthIndian exports
20111412
20112428
20113465
20114454
20115462
20116464
20117470
20118478
20119487
201110625
201111678
201112442
20121453
20122531
20123494
20124476
20125467
20126466
20127449
20128428
20129377
201210392
201211607
201212409
20131408
20132418
20133431
20134407
20135409
20136369
20137371
20138389
20139323
201310341
201311346
201312369
20141365
20142353
20143341
20144381
20145359
20146376
20147376
20148372
20149376
201410384
201411363
201412339
20151355
20152340
20153327
20154304
20155308
20156297
20157268
20158261
20159251
201510252
201511233
201512211
20161204
20162202
20163211
20164217
20165217
20166211
20167217
20168209
20169207
201610216
201611227
201612240
20171243
20172242
20173255
20174261
20175282
20176285
20177259
20178261
20179278
201710287
201711281
201712269
20181276
20182332
20183358
20184351
20185338
20186338
20187330
20188313
20189316
201810334
201811344

Table last updated: 23rd February 2019. Next update: ~ 23rd March 2019.

Notes and definitions

1) Figures above are average monthly fob export [not spot prices] for direct reduced iron shipped from India. All prices are expressed in USD per metric tonne.

2) The price data is for harmonised system code #720310 which is defined as ferrous products obtained by direct reduction of iron ore.

3) Note that latest price points (the last one or two months in particular) may change, as additional customs data becomes available.

Further information

Direct reduced iron (DRI), also called sponge iron, is produced from the direct reduction of iron ore (in the form of lumps, pellets, or fines) to iron by a reducing gas or carbon produced from natural gas or coal. Its main use is as raw material feedstock for electric furnaces in mini mills, where DRI can be used as a scrap substitute.