SteelMint

Author: Rounak Gairarey

  • India: Bellary sponge iron prices drop INR 150-200/t

    India: Bellary sponge iron prices drop INR 150-200/t

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    by

    Rounak Gairarey
    in

    SteelMint’s price assessment for sponge P-DRI (FeM 80%) dropped by INR 150/t to INR 28,700/t, exw Bellary, on 22 Jun’21. Prices fell due to limited demand from standalone furnaces on falling finished steel sales. About 2,000 t of P-DRI deals were reported at around INR 28,700/t against offers at INR 28,800-28,900/t, exw. The deals were…