Author: Prashasti Giri

India: Sponge iron prices fall on limited demand in Bellary

Dec 19, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron PDRI (FeM 80%) offers fell by INR 300/t and 1,700 t of deals were concluded between INR 29,700-29,800/t exw on 19 Dec’22. Iron ore lump-based DRI (CDRI) prices decreased by INR 250/t & around 1,050 t of deals were confirmed at INR 30,700-30,800/t exw. Buyers were expecting for further correction from the market.…