Tag: Bellary Sponge iron offers

India: Sponge iron trade improves on lower offers in Bellary, Karnataka

Mar 29, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron, PDRI (FeM 80%), prices in Karnataka’s Bellary declined by INR 300/t and around 1,100 t deals were confirmed at INR 37,300-37,500/t against offers at INR 37,600/t exw on 29 Mar’22. SteelMint’s assessment for CDRI stands at INR 38,000/t ($500/t) and 2,900 t of deals were reported today. Demand improved as offers edged lower…