Tag: Bellary Sponge iron offers

India: Sponge prices fall in Bellary as buyers retreat due to higher offers

Apr 20, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge C-DRI (FeM 80%) prices in Karnataka’s Bellary fell by INR 550/t, while P-DRI prices declined by INR 400/t on 20 April 2022, as per SteelMint reports. Deals of 2,100 t were reported between INR 37,400-37,800/t exw. Around 1,100 t of CDRI deals were confirmed at INR 38,500-39,000/t exw today. Billets prices in Hyderabad plummeted…