Intel Details

India: Sponge iron prices fall by INR 100/t in Bellary

Sponge Iron
6 Aug 2021, 17:55 IST
Steel Mint Intel

Sponge C-DRI (FeM 80%) prices in Karnataka's Bellary declined by INR 100/t on 6 Aug'21 as per SteelMint reports. Sponge P-DRI prices, however, continued to stay flat in today's trading.

  • Around 2,700 t of P-DRI deals were confirmed at INR 29,300-29,700/t as against offers at INR 29,700-29,800/t exw.
  • Offers for C-DRI stand at INR 31,000/t ($418). Around 2,000 t of deals were reported at INR 30,800/t exw.
  • The outlook for sponge iron depends on raw material prices and producers are waiting for update on NMDC's pellet price.

6 Aug 2021, 17:55 IST
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