India: Sponge iron offers inch up d-o-d in Bellary, Karnataka

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Sponge iron PDRI (FeM 80%) offers edged up INR 100/t d-o-d today in Bellary, Karnataka. Deals of 3,200 t were concluded in the range of INR 31,000-31,500/t exw.
Meanwhile, sponge iron CDRI prices moved up by 150/t d-o-d. Around 2,700 t deals were concluded at 32,200-32,500/t exw.
As per sponge iron suppliers, buying activities from Maharashtra have increased.

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