Tag: Bellary Sponge Iron

India: Limited demand weighs on sponge iron prices in Bellary, Karnataka

Dec 13, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron PDRI (FeM 80%) offers fell by INR 500/t and 1,100 t of deals were concluded at INR 30,000-30,200/t exw on 13 Dec’22. Iron ore lump-based DRI (CDRI) prices decreased by INR 500/t and around 1,300 t of deals were confirmed at INR 30,800-31,200/t exw. Spot buying in sponge iron remained slow today, resulting…