Author: Romil Sethi
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India: Sponge iron prices fall further in Bellary
Pellet-based sponge iron, P-DRI (FeM 80%), prices in Karnataka’s Bellary declined by INR 200/t, whereas prices of iron ore lump-based material, C-DRI, fell by INR 100/t on 25 Nov’21, as per SteelMint assessment. Around 4,500 t of P-DRI deals were confirmed at INR 28,500-29,000/t against offers at INR 29,000/t exw. SteelMint’s assessment for C-DRI stands…