Author: Romil Sethi

India: Sponge iron prices rise by up to INR 850/t in Bellary, Karnataka

Mar 16, 2022

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by

Romil Sethi

in Sponge Iron

Sponge iron, PDRI (FeM 80%), prices in Karnataka’s Bellary rose by INR 850/t and iron ore-based DRI (CDRI) prices increased by INR 800/t on 16 Mar’22. Around 6,900 t of P-DRI deals were confirmed at INR 38,300-38,700/t as against offers at INR 38,800/t exw. SteelMint’s assessment for C-DRI is at INR 39,100/t ($512/t) and 3,200…