Tag: Bellary Sponge Iron improved trades

India: Sponge iron trade improves d-o-d in Bellary as offers fall sharply

Nov 14, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron, PDRI (FeM 80%), prices plunged by INR 650/ in Bellary, Karnataka while iron ore-based DRI (CDRI) prices fell by up to INR 900/t on 14 Nov’22. 4,500 t of PDRI deals were concluded at INR 28,900-29,500/t exw against offers at INR 29,500/t exw. 4,000 t of CDRI deals were confirmed between INR 30,300-30,800/t…