Author: Rounak Gairarey
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India: Bellary sponge iron prices fall on slow spot trading
Sponge P-DRI (FeM 80%) prices in Karnataka’s Bellary fell by INR 200/t on 27 Jul’21. Sponge C-DRI prices, too, declined by INR 100/t in today’s trade, as per reports. Spot trading volumes remained limited, with buyers waiting for clearer market directions. Around 2,000 t of P-DRI deals were confirmed at INR 29,000-29,100/t against offers at…