Author: Rounak Gairarey

Sponge iron prices in Karnataka’s Bellary declined by INR 500-600/t in today’s trade to hit the lowest level since 31 May’21. Current offers for sponge C-DRI stand at INR 28,200/t ($380), down by INR 300/t d-o-d. A few bids have been reported at around INR 28,000/t, exw-Bellary. Meanwhile, about 2,100 t of P-DRI deals were…