India: Sponge iron prices fall marginally in Bellary

  • Sponge iron, C-DRI (FeM 80%), prices in Karnataka’s Bellary declined by INR 100/t today. Sponge iron, P-DRI, prices stayed flat in today’s trade, however.
  • Around 2,100 t of P-DRI deals were confirmed at INR 29,000-29,300/t against offers at INR 29,500/t
  • SteelMint’s assessment for C-DRI stands at INR 30,200/t ($406). Around 2,400 t of deals were reported at INR 30,100-30,300/t exw.

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