Author: Romil Sethi

India: Bellary sponge iron offers fall by INR 450/t, limited deals reported

Mar 17, 2022

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by

Romil Sethi

in Sponge Iron

Sponge iron, PDRI (FeM 80%), prices in Karnataka’s Bellary dropped by INR 450/t, while iron ore-based DRI (CDRI) prices fell by INR 350/t on 17 Mar’22. About 1,600 t of PDRI deals were confirmed at INR 38,000-38,300/t exw. 2,500 t of CDRI deals were reported at INR 38,700-38,800/t ($510-512/t) exw. Prices fell as most of…