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

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Pellet-based DRI (PDRI, FeM 80%) offers stayed stable d-o-d in Bellary, Karnataka on 3 Oct’22. Deals of 1,900 t were concluded at INR 31,300-31,500/t exw.
Lumps-based DRI (CDRI) prices slipped by INR 50/t d-o-d and around 1,300 t deals were concluded at INR 32,500-32,600/t exw.
The market activity remained sluggish due to the Durga Pooja festivities across nation.

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