Author: Rounak Gairarey
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India: Sponge iron prices fall by INR 100/t in Bellary
Sponge P-DRI (FeM 80%) prices in Karnataka’s Bellary declined by INR 100/t on 6 Oct’21. However, sponge C-DRI prices continued to stay flat. Around 1,000 t of P-DRI deals were confirmed at INR 35,300-35,600/t against offers at INR 35,800-36,000/t exw. SteelMint’s assessment for C-DRI stands at INR 36,000/t ($481). Around 3,900 t of deals were…