Sponge Iron (DRI) Scrap Price in Chennai Today
Sponge Iron (DRI) price trend in Chennai
Benchmarked daily from published indices and verified supplier quotes.
Trend history for Sponge Iron (DRI) in Chennai is still building — check back after the next benchmark run.
Verified Sponge Iron (DRI) lots near Chennai
GST-verified sellers. Weight validated at dispatch and delivery. Payment held in escrow.
About Sponge Iron (DRI) pricing in Chennai
Direct reduced iron produced in coal-based rotary kilns. Metallisation and FeT determine yield, and sponge iron is the dominant furnace charge for India's secondary steel sector.
South India's largest scrap consumption cluster. Chennai pricing factors port-side imported HMS and supply into Sriperumbudur's auto OEM ecosystem.
Typical specification buyers expect
- Metallisation 80% minimum, FeT 88–92%
- Lump / fines split declared per lot
- Low sulphur, moisture below 1%
Who buys Sponge Iron (DRI) in and around Chennai
- Induction furnaces
- Billet and ingot makers
- EAF mills
How LohaLink secures Sponge Iron (DRI) trades in Chennai
Every Chennai lot carries a verified GSTIN, bank-validated seller KYC, geo-tagged loading photographs and a tamper-proof weighbridge slip. The buyer locks funds in escrow at the agreed rate, the truck is tracked in transit, and payment releases only after net weight is confirmed at destination. Weight disputes are adjudicated by LohaLink inspectors within 48 hours, with the disputed balance refunded.
Sponge Iron (DRI) in Chennai — frequently asked questions
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