India: Sponge iron prices decrease by INR 200-500/t in Bellary

Sponge C-DRI prices in Bellary declined by INR 500/t on 22 Oct’21. Sponge P-DRI prices, too, declined by INR 200/t in today’s trade.

• SteelMint’s price assessment for C-DRI stands at INR 36,000/t ($481) and around 1,600 t of deals were reported.
• Around 500 t of P-DRI deals were confirmed at INR 35,800/t against offers at INR 36,000/t exw.