India: More than 12,000 t sponge iron deals concluded in Bellary, Karnataka

  • Sponge iron (FeM 80%) PDRI prices in Bellary edged down by INR 150/t today. Around 6,500 t deals were confirmed in the range of INR 33,800-34,000/t exw.
  • Lump-based DRI (CDRI) prices dropped by INR 200/t and around 5,750 t deals were reported at INR 34,900-35,100/t exw.
  • Buyers returned to the market looking at lower offers and amid the rise in Hyderabad billet prices by INR 500/t.

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