India: Sponge iron prices fall marginally in Bellary

  • Sponge iron PDRI (FeM 80%) offers in Bellary, Karnataka, dropped marginally by INR 100/t today. 4,700 t of deals were concluded between INR 29,500-29,800/t exw against offers at INR 29,800/t.
  • Iron ore lump-based DRI (CDRI) prices moved down by INR 50/t and 2,400 t of deals were confirmed at INR 30,500-30,800/t exw.
  • Despite fluctuation in offers throughout the day, buying activity remained consistent.

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