Author: Rounak Gairarey
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India: Bellary sponge iron offers up INR 100/t, trade volumes swell
Sponge P-DRI (FeM 80%) prices in Karnataka’s Bellary moved up INR 100/t on 4 Aug’21, while sponge C-DRI prices rose by INR 50/t, as per reports. Current offers for sponge C-DRI stand at INR 30,900-31,000/t ($416-418) and around 500 t of deals were confirmed at INR 30,800/t exw-Bellary. Meanwhile, about 5,500 t of P-DRI deals…