Sponge iron prices in Karnataka’s Bellary remain unaltered on 8 Sep’21. SteelMint’s price assessment for sponge C-DRI stands at INR 29,800/t ($406). A total of around 500 t deals reported at around INR 29,700-29,800/t, exw-Bellary.
Meanwhile, about 1,200 t of P-DRI deals were confirmed at INR 28,700/t against offers at INR 28,800-29,000/t, exw. Iron ore and coal price movements are likely to drive sponge iron prices in near term, sources highlighted.
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