Tag: Bellary Sponge iron offers

India: Sponge iron demand slows down in Bellary, Karnataka

Feb 3, 2022

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by

Prashasti Giri

in Sponge Iron

2,300 t of pellet-based sponge iron (PDRI) deals were confirmed at INR 34,700-34,800/t against offers at INR 35,000/t exw. About 900 t of iron ore-based DRI (CDRI) deals were reported at INR 35,000-35,200/t ($467-470/t) exw. Trades lowered with a bit of fluctuation in prices today, amidst sufficient trade volumes already recorded yesterday.