Author: Romil Sethi
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India: Sponge iron prices rise marginally in Bellary
Sponge iron, C-DRI (FeM 80%), prices in Karnataka’s Bellary rose by INR 50/t. However, pellet-based sponge iron, P-DRI, prices continued to stay flat today. Around 2,400 t of P-DRI deals were confirmed at INR 28,700-28,900/t against offers at INR 29,000/t exw. SteelMint’s assessment for C-DRI stands at INR 30,300/t ($404/t) and around 1,500 t of…