India: Sponge iron demand slows down in Bellary, Karnataka

  • 2,300 t of pellet-based sponge iron (PDRI) deals were confirmed at INR 34,700-34,800/t against offers at INR 35,000/t exw.
  • About 900 t of iron ore-based DRI (CDRI) deals were reported at INR 35,000-35,200/t ($467-470/t) exw.
  • Trades lowered with a bit of fluctuation in prices today, amidst sufficient trade volumes already recorded yesterday.

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