P-DRI (FeM 80%) prices in Karnataka’s Bellary inched up INR 1,400/t to INR 33,700/t on 1 Oct’21. Sponge C-DRI prices, too, increased. However, trade volumes remained limited, as buyers turned cautious.
- Around 2,100 t of P-DRI deals were confirmed at INR 33,000-33,700/t against offers at INR 34,000/t exw.
- Offers for C-DRI stood at INR 34,200/t ($462) and around 1,000 t of deals were reported.
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