India: Sponge iron offers edge up in Bellary, Karnataka

  • Pellet-based sponge iron (PDRI) prices rose by INR 150/t. About 3,100 deals were confirmed at INR 35,200-35,500/t exw-Bellary today.
  • Iron ore-based DRI (CDRI) deals of 1,840 t were reported at INR 35,600-35,800/t exw.
  • Trade remained firm as buyers already placed sufficient bookings over the last few days.

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