Sponge C-DRI (FeM 80%) prices in Karnataka’s Bellary rose by INR 250/t on 10 Sept’21. Improvement in sponge P-DRI prices was also observed by INR 100/t in today’s trade.
Current offers for sponge C-DRI stand at INR 30,100/t ($410) and around 2,400 t of C-DRI deals were reported by local manufacturers. Meanwhile, about 1,400 t of P-DRI deals were confirmed at INR 28,800-28,900/t against offers at INR 29,000/t exw. Furthermore, market sources shared that due to the prevailing monsoons and impending arrival of the festive season, buyers are taking decisions carefully.
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