Tag: Bellary Sponge iron offers

India: Sponge iron offers fall up to INR 1,100/t in Bellary, Karnataka

Mar 14, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron, PDRI (FeM 80%), prices in Karnataka’s Bellary dropped by INR 750/t, while iron ore-based DRI (CDRI) prices decreased by INR 1,100/t on 14 Mar’22. About 800 t of PDRI deals were confirmed at INR 39,000-39,300/t exw. 1,100 t of CDRI deals were reported at INR 39,800-40,000/t ($520-522/t) exw. The future trend of sponge…