Intel Details

India: Bellary sponge iron prices remain unchanged

Sponge Iron
22 Jul 2021, 18:07 IST
Steel Mint Intel

Sponge iron prices in Karnataka's Bellary remained unchanged on 22 Jul'21.

Current offers for sponge C-DRI stand at INR 30,000/t ($403). A few bids have been reported at around INR 29,800/t. Meanwhile, about 300 t of deals were confirmed at INR 29,900-30,000/t exw-Bellary. Also, around 1,600 t of P-DRI deals were reported at INR 29,000-29,300/t against offers at INR 29,400/t exw.

Most of the deals were concluded for Hindupur and Chennai. Mill owners continue to keep prices firm due to sufficient orders in hand for the next couple of weeks.

22 Jul 2021, 18:07 IST
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