Tag: Bellary Sponge iron offers

India: Sponge iron offers fall up to INR 1,200/t in Bellary, Karnataka

Mar 11, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron, PDRI (FeM 80%), prices in Karnataka’s Bellary dropped by INR 1,200/t, while iron ore-based DRI (CDRI) prices declined by INR 1,100/t on 11 Mar’22. 1,400 t of PDRI deals were confirmed at INR 41,000-41,200/t against offers at INR 41,700/t exw. SteelMint’s assessment for CDRI stands at INR 41,600/t ($545/t) and around 1,700 t…