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 29,200/t ($375), down by INR 100/t d-o-d. A few bids have been reported at around INR 28,800-29,000/t exw-Bellary and about 800 t of deals were confirmed. Again, about 2,200 t of P-DRI deals were…