Author: Rounak Gairarey
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India: Recovery in demand lifts Bellary sponge iron prices
Sponge C-DRI (FeM 80%) prices in Karnataka’s Bellary were up INR 200/t, while sponge P-DRI prices jumped INR 150/t in today’s trade. Over 6,500 t of deals were recorded by SteelMint at revised prices. About 2,800 t of C-DRI deals were reported at INR 29,600-29,800/t as against offers at INR 29,800-30,000/t ($400) exw-Bellary. Another 3,900…