India: Sponge iron offers rise marginally in Bellary

Sponge iron, P-DRI (FeM 80%), prices in Karnataka’s Bellary rose by INR 150/t, while C-DRI prices increased by INR 100/t on 28 Dec’21.

• Around 1,500 t of P-DRI deals were confirmed at INR 30,200/t, while 1,600 t of C-DRI deals were heard at INR 31,000-31,300/t exw.
• Limited deals were heard today as buyers had placed a sufficient number of bookings yesterday.