Author: Romil Sethi

India: Sponge trade volumes increase in Bellary on falling prices

Nov 10, 2021

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by

Romil Sethi

in Sponge Iron

Sponge iron, P-DRI (FeM 80%), prices in Karnataka’s Bellary fell by INR 700/t today, although trade volumes rose by over two-fold. Around 4,500 t of deals were reported at INR 30,500-31,000/t versus offers at INR 31,000/t, exw. Sponge iron, C-DRI, prices fell by INR 400/t to INR 32,200/t ($433/t) exw and 3,200 t of deals…