Author: Rounak Gairarey
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India: Sponge iron prices rise by up to INR 450/t in Bellary
Sponge P-DRI (FeM 80%) prices in Karnataka’s Bellary are up INR 450/t on 13 Sept’21. Around 2,900 t of P-DRI deals were confirmed at INR 29,600/t against offers at INR 29,800-30,000/t exw. Demand is majorly from Hindupur and Hyderabad including western region. Offers for C-DRI are at INR 30,600/t ($412), while 600 t of deals…