Tag: Bellary sponge iron offers rise
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India: Sponge iron offers in Bellary climb on rising coal prices
Sponge PDRI prices in Karnataka’s Bellary rose by INR 1,800/t, while CDRI prices moved up by INR 2,300/t on 3 Mar’22. Buyers are cautious to book sponge iron on higher coal offers. As a result, spot trades fell. 1,320 t of pellet-based DRI (PDRI) deals were confirmed at INR 39,000/t exw in Bellary, Karnataka. 1,300…