Tag: Bellary sponge iron offers rise

India: Sponge iron offers rise further in Bellary, Karnataka

Jul 12, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron (FeM 80%) prices in Karnataka’s Bellary rose by INR 300/t on 12 July. 4,100 t deals of pellet-based DRI (P-DRI) were confirmed at INR 35,000-35,200/t exw. SteelMint’s assessment for lump-based DRI (CDRI) stands at INR 35,550/t exw with 3,700 t deals reported. Active demand, rising pellet and billet offers continue to support sponge…