Tag: Bellary Sponge iron offers

Sponge iron (PDRI) prices in Bellary rose by INR 1,000/t on 28 Feb’22, whereas iron ore-based DRI (CDRI) prices increased by INR 850/t. About 2,450 t of PDRI deals were confirmed at INR 36,300-36,500/t exw. 3,700 t of CDRI deals were reported at INR 36,500-36,800/t ($484-488/t) exw. Prices rose due to a sharp surge in…