Intel Details

India: Bellary sponge iron offers up INR 100/t, trade volumes swell

Sponge Iron
4 Aug 2021, 18:24 IST
Steel Mint Intel

Sponge P-DRI (FeM 80%) prices in Karnataka's Bellary moved up INR 100/t on 4 Aug'21, while sponge C-DRI prices rose by INR 50/t, as per reports. Current offers for sponge C-DRI stand at INR 30,900-31,000/t ($416-418) and around 500 t of deals were confirmed at INR 30,800/t exw-Bellary. Meanwhile, about 5,500 t of P-DRI deals were confirmed at INR 29,200-29,600/t against offers at INR 29,500-29,700/t exw. Trade volumes increased by 129% d-o-d. Most of the deals were concluded for the Hyderabad region.

4 Aug 2021, 18:24 IST
You have 3 complimentary intel remaining! Stay informed with SteelMint