Author: Romil Sethi

India: Sponge iron offers fall further by up to INR 1,000/t in Bellary

Dec 3, 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 1,000/t, while C-DRI prices declined by INR 600/t on 3 Dec’21. Around 1,000 t of P-DRI deals were confirmed at INR 27,000-27,500/t and 1,200 t of C-DRI deals at INR 28,900-29,000/t exw. The emerging sponge iron price scenario will depend on iron ore…