Tag: Bellary Sponge iron offers

PDRI (FeM 80%) deals for 2,800 t were concluded at INR 31,800-31,900/t exw in Bellary, while offers rose by up to INR 250/t. Iron ore-based CDRI offers increased by INR 300/t and around 4,600 t deals were concluded between INR 33,100-33,400/t exw. Mismatch in supply-demand led to the surge in offers. A major manufacturer has…