Tag: Bellary Sponge iron offers
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India: Sponge iron demand slows down in Bellary, Karnataka
Sponge iron, PDRI (FeM 80%), prices in Karnataka’s Bellary decreased by INR 300/t, while iron ore-based DRI (CDRI) prices fell by INR 250/t on 29 Aug. PDRI deals of 1,400 t were concluded between INR 33,300-33,500/t exw against offer at INR 33,500/t exw. CDRI prices stand at INR 34,450/t exw and around 500 t deals…