- Sponge iron, PDRI (FeM 80%), prices in Karnataka’s Bellary are up by INR 400/t. Around 3,150 tonnes of deals were confirmed at INR 34,600-34,800/t exw against offers at INR 35,000/t exw seen on 10 Aug’22.
- SteelMint’s assessment for CDRI stands at INR 35,800/t exw and deals of 1,570 t were concluded.
- Improved demand, rising billets prices were key factors behind strengthening sponge iron offers.
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