Author: Rounak Gairarey
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India: Rising demand supports sponge iron prices in Bellary
Sponge P-DRI (FeM 80%) prices in Karnataka’s Bellary rose by INR 550/t on 28 Sep’21. C-DRI offers stand at INR 30,600/t ($410) and around 1,300 t of deals were heard at a price range of INR 30,400-30,600/t exw. About 4,800 t of P-DRI deals were confirmed at INR 29,800-30,000/t. Trade volumes increased by 90.5%, d-o-d.…