Tag: Bellary Sponge iron offers

India: Sponge iron offers rise slightly in Bellary, limited deals reported

Mar 10, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron, PDRI (FeM 80%) and CDRI, prices in Bellary rise by INR 200/t on 10 Mar’22. SteelMint’s price assessment for CDRI stands at INR 42,700/t ($560) and 1,100 t deals were reported. About 1,100 t of P-DRI deals were confirmed at INR 42,000-42,300/t against offers at INR 42,500/t exw. The sponge market stayed cautious…