India: Sponge prices down INR 200/t in Bellary on limited trade

Sponge C-DRI (FeM 80%) prices in Bellary fell by INR 100/t, while sponge P-DRI prices slipped by INR 200/t today.

• Around 1,000 t of P-DRI deals were confirmed at INR 36,800/t against offers at INR 37,000/t. A few bids were reported at around INR 36,600/t exw.
• Offers for C-DRI were at INR 37,300 -37,500/t and around 1,000 t of deals were reported at INR 37,200/t exw.