India: Bellary sponge iron prices rise on improve trade

Sponge P-DRI (FeM 80%) prices in Karnataka’s Bellary inched up by INR 100/t, while C-DRI prices were up by INR 150/t on 26 Nov’21, as per SteelMint reports.

• Around 6,200 t of P-DRI deals were confirmed at INR 28,800-29,000/t against offers at INR 29,000-29,200/t exw.
• SteelMint’s price assessment for C-DRI stands at INR 30,200-30,300/t ($403-405/t). Around 1,800 t of deals were reported today.