Author: Rounak Gairarey

Sponge iron prices in Karnataka’s Bellary moved up by INR 200/t today; however, trade volumes dropped sharply due to a constant surge in prices as buyers preferred to wait. Current offers for sponge C-DRI stand at INR 30,200/t ($403). A few bids have been reported at around INR 30,000/t exw-Bellary and around 700 t deals…