Tag: Bellary Sponge iron offers
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India: Sponge iron demand slows down in Bellary, Karnataka
Pellet-based sponge iron (P-DRI) prices in Bellary, Karnataka, remain stable at INR 33,500/t on 21 Feb’22, while iron ore-based DRI (C-DRI) prices increased by INR 200/t. 1,000 t of PDRI deals were confirmed at INR 33,500-33,600/t against offers at INR 33,700/t exw. 600 t of CDRI deals were reported at INR 34,000/t ($456/t) exw. Sponge…