India: Sponge iron trade improves in Bellary as offers drop

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Sponge iron (PDRI, FeM 80%) offers dipped by INR 250/t to INR 31,750/t exw in Bellary, Karnataka on 31 Oct’22. Around 3,900 t of deals were concluded between INR 31,700-31,800/t exw.
Iron ore lumps-based DRI (CDRI) prices fell marginally by INR 100/t. Around 2,600 t of deals were confirmed at INR 33,200-33,400/t exw.

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