Pellet-based sponge iron (FeM 80%) and CDRI sponge iron prices in Karnataka’s Bellary continued to stay stable with a slight fluctuations on 04 July.
- Around 3,300 t of PDRI deals were confirmed at INR 33,900-34,100/t exw against offers at INR 34,200/t exw.
- CDRI prices are at INR 34,350/t exw and 1,200 t of deals were reported today.
- Sponge offers continued to stay supported on the back of higher input costs and sufficient orders with suppliers, SteelMint notes.
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