Sponge C-DRI (FeM 80%) prices in Karnataka’s Bellary market remained unchanged on 5 Jul’21. However, a slight decline was observed in P-DRI prices by around INR 50/t in today’s trade.
- Current offers for sponge C-DRI stand at INR 27,800/t ($374). A few bids have been reported at around INR 27,700-27,800/t exw-Bellary. However, 500-600 t of C-DRI deals have been reported by manufacturers.
- About 2,000 t of P-DRI deals were confirmed at INR 27,000/t against offers at INR 27,200-27,300/t exw. Most of the deals were concluded for Hyderabad.
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