Author: Rounak Gairarey

Sponge iron prices in Karnataka’s Bellary declined by INR 100/t on 1 Jul’21. However, a majority of plants are withholding sales rather than dealing at lower rates. Current offers for sponge C-DRI stand at INR 27,800-27,900/t ($375). A few bids have been reported at INR 27,700/t, exw-Bellary. About 500 t of deals have been reported.…