India: Bellary sponge iron offers fall by INR 200/t

Sponge C-DRI (FeM 80%) prices in Karnataka’s Bellary declined by INR 200/t. However, sponge P-DRI prices continued to stay flat in today’s trade.

• Around 4,300 t of P-DRI deals were confirmed at INR 30,200/t against offers at INR 30,400/t exw.
• SteelMint’s assessment for C-DRI stands at INR 31,000/t ($417). Around 1,700 t of deals were reported.