Pellet-based sponge iron, P-DRI, prices in Karnataka’s Bellary rose by INR 700/t, while Iron ore based DRI (C-DRI) prices up by INR 100/t.
- 3,800 t of P-DRI deals were confirmed at INR 33,200-33,500/t against offers at INR 33,600/t exw.
- About 1,120 t of C-DRI deals were reported at INR 33,600/t ($447/t) exw.
- Rising coal, pellet and billet prices remains the key factors behind strengthening sponge prices.
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