Tag: Bellary sponge iron offers rise

Sponge iron, PDRI (FeM 80%), and CDRI prices in Bellary, Karnataka, rose by INR 700/t on 2 Mar’22. 2,900 t of PDRI deals were confirmed between INR 37,000-37,500/t exw. 2,100 t of CDRI deals were reported at INR 37,500-37,700/t ($495-497/t) exw. A sharp rise in coal prices led to the rally in sponge prices even…