Tag: Bellary Sponge iron offers

India: Over 12,000 tonnes of sponge iron deals were recorded in Bellary

Nov 29, 2022

—

by

Prashasti Giri

in Sponge Iron

Sponge iron PDRI (FeM 80%) offers increased by INR 500/t and around 8,700 t deals were concluded between INR 29,000-29,300/t exw against offers at INR 29,500/t exw on 29 Nov’22. Iron ore lump-based DRI (CDRI) prices rose by INR 200/t & around 3,500 t deals were confirmed at INR 30,000-30,200/t exw. Spot buying in sponge…