India: Sponge iron prices rise in Bellary, Karnataka

  • Around 900 t of pellet-based sponge iron (PDRI) deals were confirmed at INR 34,700-34,800/t against offers at INR 34,800-34,900/t exw in Bellary, Karnataka today.
  • Around 1,000 t of iron ore-based DRI (CDRI) deals were reported at INR 35,000-35,200/t ($469-471/t) exw.
  • Limited deals were heard as buyers had placed a sufficient number of bookings over the last few days.

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