India: Sponge iron offers fluctuate in Bellary, Karnataka

Pellet-based sponge iron (PDRI) prices in Bellary moved down by 50/t while iron ore-based DRI (CDRI) prices rose by 100/t on 15 Sept.

• • About 3,900 t of PDRI deals were concluded in the range of INR 32,600-32,700/t exw against offer at INR 33,000/t exw.
  • 1,600 t of CDRI deals were confirmed at INR 33,800-34,000/t exw.