Author: Sagar
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South India: Bellary sponge iron prices remain under pressure
Sponge iron prices in Karnataka’s Bellary market declined by INR 100-200/t in today’s trade. Sources believe prices will keep moving down as material offtake remains slow. Current offers for sponge C-DRI stand at INR 28,500/t ($383), down by INR 200/t d-o-d. A few bids have been reported at around INR 28,200/t, exw-Bellary. About 1,800 t…