Author: Romil Sethi
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India: Sponge iron prices rise upto INR 600/t in Bellary
Sponge iron, PDRI (FeM 80%), prices in Bellary rose by INR 550/t, while iron ore-based DRI (CDRI) prices moved up by INR 600/t on 15 Apr’22. Around 5,000 t of P-DRI deals were confirmed at INR 36,800-37,000/t against offers at INR 37,200/t exw. SteelMint’s price assessment for C-DRI stands at INR 38,000/t exw ($498/t), with…