Tag: Bellary Sponge iron offers

India: Sponge iron prices drop due to weak demand in Bellary

Dec 12, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron PDRI (FeM 80%), prices fell marginally by INR 100/t and 500 t of deals were concluded between INR 30,400-30,500/t exw on 12 Dec’22. Iron ore lump-based DRI (CDRI) prices remained stable at INR 31,500/t & around 1,100 t of deals were confirmed between INR 31,400-31,500/t exw. Buying in sponge iron remained slow today…