It seems to me that if the Balrog was being drawn by the Ring that doesn't mean it knew it was being drawn by the Ring, it may have simply been compelled to follow this urging.
I also feel as if its main reason for attacking the Fellowship having been drawn to them by the Ring may well have been that same kind of nihilistic hatred we are told Morgoth inspired in his servants generally (to varying degrees). Might it have attacked simply because, in its very evil and corrupted state, it simply felt homicidal antipathy for Men and Elves (and, evidently, Dwarves)?
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"Since the evening of that day we have journeyed from the shadow of Tol Brandir."
"On foot?" cried Éomer.
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