Sponge Iron (DRI) Scrap Price in Mumbai Today
Sponge Iron (DRI) price trend in Mumbai
Benchmarked daily from published indices and verified supplier quotes.
Trend history for Sponge Iron (DRI) in Mumbai is still building — check back after the next benchmark run.
Verified Sponge Iron (DRI) lots near Mumbai
GST-verified sellers. Weight validated at dispatch and delivery. Payment held in escrow.
About Sponge Iron (DRI) pricing in Mumbai
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.
Mumbai–Taloja pricing reflects imported scrap landed at JNPT plus domestic supply moving to western India's auto and infrastructure customers.
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 Mumbai
- Induction furnaces
- Billet and ingot makers
- EAF mills
How LohaLink secures Sponge Iron (DRI) trades in Mumbai
Every Mumbai 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 Mumbai — frequently asked questions
Compare related rates
Other materials in Mumbai
Sponge Iron (DRI) in nearby hubs
- Sponge Iron (DRI) price in Pune
- Sponge Iron (DRI) price in Rajkot
- Sponge Iron (DRI) price in Ahmedabad