India has maintained its position as the world's largest producer of direct-reduced iron (DRI) for several years. As the global race to accelerate energy transition efforts intensifies, DRI has gained prominence due to its potential for reducing carbon emissions in energy-intensive sectors like steel.
Recognized as a key pathway to 'green steel,' DRI offers various low-carbon steelmaking alternatives. Walking the DRI path is expected to help India's steel industry to lower its emissions. Capturing this evolving and dynamic market in India, S&P Global Commodity Insights' Platts has launched a daily pellet-based Indian domestic direct reduced iron spot price assessment on an ex-works Raipur, Chhattisgarh basis.
Related:
Indian domestic direct reduced iron price assessment
Commodities Focus