India: Sponge iron offers edge lower d-o-d in Bellary, Karnataka

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Sponge iron PDRI (FeM 80%) offers decreased by INR 50/t on 29 Sept’22. Deals of 1,500 t were concluded in the range of INR 31,150-31,400/t exw.
CDRI sponge prices inched down by INR 100/t. Around 1,100 t deals were concluded at INR 32,200-32,300/t exw.
Buying activity slowed down as buyers already made healthy bookings in past few days.

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