India: Sponge iron prices fall by INR 100/t in Bellary

Sponge C-DRI (FeM 80%) prices in Bellary, Karnataka, declined by INR 100/t on 17 Sep’21. P-DRI prices also dropped by INR 100/t in today’s trade, as per SteelMint reports.

  • Around 1,000 t of P-DRI deals were confirmed at INR 30,200-30,300/t against offers at INR 30,300/t exw.
  • Offers for C-DRI were at INR 30,800-30,900/t & around 800 t of deals were reported at INR 30,600/t exw during the first half. However, later a few sources claim deals at around INR 30,800/t exw.

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