India: Sponge iron prices rise marginally in Bellary

Sponge iron, P-DRI (FeM 80%) and C-DRI, prices in Bellary rise by INR 100/t on 17 Nov’21. Around 3,600 t of P-DRI deals were confirmed at INR 29,000-29,500/t against offers at INR 29,500-29,700/t exw. SteelMint’s price assessment for C-DRI stands at INR 30,400/t ($409). Around 3,800 t of deals were reported at INR 30,000-30,500/t exw.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *