Author: Romil Sethi

India: Sponge iron offers increase up to INR 1,200/t in Bellary, Karnataka

Apr 13, 2022

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by

Romil Sethi

in Sponge Iron

Pellet-based sponge iron (FeM 80%) prices in Bellary rose by INR 1,150/t, whereas iron ore-based CDRI prices inched up INR 1,200/t. Around 4,800 t PDRI deals were confirmed at INR 35,500-36,200/t exw. 700 t of CDRI deals were reported at INR 37,000/t exw. Prices rallied on lack of coal availability. However, trades were affected on…