Author: Romil Sethi
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India: Sponge iron offers inch down in Bellary, Karnataka
Sponge iron, PDRI (FeM 80%), prices in Karnataka’s Bellary inched down by INR 100/t, while iron ore-based DRI (CDRI) prices declined by INR 200/t today. 2,150 t of PDRI deals were confirmed at INR 34,400-34,700/t exw against offers at INR 34,700/t exw. SteelMint’s assessment for CDRI stands at INR 35,550/t exw and around 1,400 t…