Intel Details

India: Bellary sponge iron offers rise by INR 250/t

Sponge Iron
17 Aug 2021, 17:56 IST
Steel Mint Intel

Offers for sponge C-DRI (FeM 80%) in Bellary stand at INR 31,500/t ($424) and around 900 t deals were confirmed at INR 31,300-31,500/t exw. About 1,800 t of P-DRI (FeM 80%) deals were confirmed at INR 29,900-30,000/t versus offers at INR 30,000-30,200/t exw. Maharashtra remains the key buyer, as per SteelMint reports. Mill owners increased prices as demand remains active and there are sufficient orders in hand.

17 Aug 2021, 17:56 IST
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