Author: Rounak Gairarey
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India: Bellary sponge iron offers fall as bids come under pressure
Sponge iron prices in Karnataka’s Bellary declined by INR 100-400/t in today’s trade. SteelMint’s assessment for sponge C-DRI dropped by INR 400/t to INR 29,800/t ($406) exw. Around 1,500/t of deals were confirmed today. A few bids were reported at INR 29,600-29,700/t exw, but the deals could not be confirmed till the time of publication.…