India: Sponge iron prices dip d-o-d in Bellary, Karnataka

  • Sponge iron (FeM 80%) PDRI offers in Bellary, Karnataka decreased by INR 300/t d-o-d to INR 32,200/t exw on 28 Oct’22. Deals of 1,900 t were confirmed between INR 31,900-32,100/t exw.
  • Iron ore lump-based DRI (CDRI) prices stood at INR 33,500/t exw-Bellary, down by INR 250/t. Around 2,450 t of deals were confirmed at INR 33,400-33,600/t exw today.

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