India: Sponge iron prices fall by INR 200/t in Bellary

Sponge P-DRI (FeM 80%) prices in Karnataka’s Bellary declined by INR 200/t on 1 Nov’21. However, sponge C-DRI prices continued to stay flat in today’s trade, as per SteelMint reports.

  • C-DRI stands at INR 34,000/t ($454). Around 1,600 t of deals were reported at INR 34,000-34,100/t exw.
  • Around 500 t of P-DRI deals were confirmed at INR 33,000-33,300/t against offers at INR 33,500/t exw.

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