India: Sponge iron offers remain stable in Bellary, Karnataka

  • PDRI (FeM 80%) prices in Bellary stayed stable in the range of INR 32,300-32,400/t exw. 1,100 t deals were recorded against offers at INR 32,500/t exw on 21 June’22.
  • 800 t confirmed deals were recorded for iron ore-based DRI (CDRI) at around INR 32,500-32,800/t exw.
  • Prices saw slight fluctuations on unstable demand and volatile billet offers, SteelMint notes.

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