Author: Romil Sethi

Sponge iron, P-DRI (FeM 80%), prices in Karnataka’s Bellary rose by INR 700/t on 9 Dec’21. Sponge C-DRI prices, too, rose by a similar amount. Buyers turned cautious on rising offers, hence spot trades were impacted. Around 2,500 t of P-DRI deals were confirmed at INR 27,500-27,800/t against offers at INR 28,000/t exw. SteelMint’s assessment…