Author: Rounak Gairarey

Sponge iron prices in Karnataka’s Bellary declined by INR 100-200/t in today’s trade. Current offers for sponge C-DRI stand at INR 30,000/t ($403), down by INR 200/t d-o-d. A few bids have been reported at around INR 29,800-29,900/t exw-Bellary. A total of about 500 t C-DRI deals have been reported by local manufacturers. Also, about…