Sponge P-DRI (FeM 80%) prices in Karnataka’s Bellary moved up by INR 500/t on 12 Aug’21. Inline improvement in C-DRI prices was around INR 400/t in today’s trade.
Current offers for C-DRI stand at INR 31,200-31,400/t ($417-420). A few bids have been reported at around INR 31,000-31,200/t exw-Bellary, of which about 1,200 t of deals was confirmed.
Meanwhile, about 1,900 t of P-DRI deals were confirmed at INR 29,500-29,600/t against offers at INR 29,700-29,800/t exw. Most of the deals were for Hyderabad and Wada in Maharashtra.
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