Tag: Bellary Sponge iron offers

India: Limited demand weighs on sponge iron offers in Bellary, Karnataka

Mar 28, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron, PDRI (FeM 80%), prices in Karnataka’s Bellary dropped by INR 300/t, whereas iron ore-based DRI (CDRI) prices fell by INR 600/t on 28 Mar’22. 900 t of PDRI deals were confirmed at INR 37,500-37,700/t exw against offers at INR 38,000/t exw. SteelMint’s assessment for CDRI stands at INR 38,400/t ($504/t) and around 500…