Author: Romil Sethi

Sponge iron (FeM 80%) prices in Karnataka’s Bellary were up slightly by INR 50/t on 12 August. 5,000 t deals of pellet-based DRI (P-DRI) were confirmed at INR 34,500-34,800/t exw. SteelMint’s assessment for lump-based DRI (CDRI) stands at INR 36,000/t exw and 4,420 t deals were reported. Active demand continued to support sponge iron prices,…