Tag: Bellary Sponge iron offers
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India: Limited demand weighs on sponge iron offers in Bellary, Karnataka
Pellet-based DRI (PDRI) prices in Bellary dropped INR 150/t, and iron ore-based DRI (CDRI) by INR 100/t on 19 Sept’22 amid limited demand. PDRI deals of 1,200 t concluded at INR 32,200-32,400/t exw (INR 32,500/t exw yesterday). Exw-CDRI prices touched INR 33,450/t . Around 800-t deals were reported. Spot buying slowed amid decline in steel…