Tag: Bellary Sponge Iron improved trades

India: Sponge iron prices edge up in Bellary, trade volumes improve

Jul 1, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge PDRI (FeM 80%) prices in Karnataka’s Bellary rose by INR 200/t while CDRI prices increased by INR 350/t on 1 July’22. About 4,500 t of PDRI deals were confirmed at INR 33,800-34,000/t exw against offers at INR 34,200/t exw. SteelMint’s assessment for CDRI stands at INR 34,350/t exw. 2,500 t of deals were reported.…