Tag: Bellary Sponge iron offers

India: Sponge iron demand remains muted in Bellary, Karnataka

Mar 9, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron, PDRI, prices in Karnataka’s Bellary rose by INR 500/t, while iron ore-based CDRI prices increased by INR 300/t on 9 Mar’22. However, trade volumes remained limited. About 750 t of PDRI deals were confirmed at INR 41,800-42,200/t against offers at INR 42,800/t exw. SteelMint’s assessment for CDRI is at INR 42,500/t ($555/t). Around…