Sponge P-DRI (FeM 80%) prices in Karnataka’s Bellary moved up by INR 400/t on 14 Sept’21. Inline improvement in sponge C-DRI prices was also seen by INR 200/t in today’s trade. C-DRI prices stand at INR 30,800/t ($418) and around 1,600 t of deals have been reported. About 2,100 t of P-DRI deals were confirmed at INR 29,800-30,000/t against offers at INR 30,200/t exw.

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