Author: Rounak Gairarey
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India: Sluggish demand weighs on sponge iron prices in Bellary
Sponge P-DRI (FeM 80%) prices in Karnataka’s Bellary declined by INR 200/t on 30 Aug’21 due to lack of buying interest, SteelMint’s assessment shows. Around 1,800 t of P-DRI deals were confirmed at INR 28,200/t against offers at INR 28,300-28,500/t exw. The supply of material was majorly for the Hindupur and Hyderabad markets including western…