Intel Details

India: Bellary sponge iron offers fall by up to INR 600/t

Sponge Iron
16 Nov 2021, 18:49 IST
Steel Mint Intel

Sponge iron, P-DRI (FeM 80%) and C-DRI, prices in Bellary fell by INR 600/t today. Prices remained under pressure on low bids amidst falling coal prices. C-DRI prices stood at INR 30,300/t ($408). A few bids were reported at INR 30,000/t and around 2,100 t of deals at INR 30,200-30,400/t exw-Bellary. P-DRI deals of 6,600 t were confirmed at INR 29,000-29,500/t.

16 Nov 2021, 18:49 IST
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