Sponge iron prices in Karnataka’s Bellary remain stable on 4 Jan’22.
- SteelMint’s assessment for C-DRI stands at INR 31,000/t ($415/t) and 1,200 t of deals were reported by local manufacturers.
- About 5,200 t of P-DRI deals were confirmed at INR 30,000-30,200/t against offers at INR 30,400/t exw
- Mill owners continue to keep prices firm, with a few order bookings in the pipeline for the next couple of weeks.
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