India: Sponge iron prices rise marginally in Bellary

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Sponge iron, C-DRI (FeM 80%), prices in Bellary rose by INR 100/t on 19 Nov’21, although P-DRI prices remained flat today.
Around 1,900 t of P-DRI deals were reported at INR 29,500-29,800/t against offers at around INR 29,800/t exw.
SteelMint’s assessment for C-DRI stands at INR 30,600/t ($412/t). Around 1,900 t of deals were reported at INR 30,500-30,800/t exw.

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