Tag: Bellary Sponge iron offers

India: Sponge iron prices slump INR 800/t in Bellary, Karnataka

Nov 18, 2022

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by

Prashasti Giri

in Sponge Iron

Iron ore lump-based DRI (CDRI) prices slipped by INR 800/t d-o-d in Bellary today. Around 1,100 t of deals were confirmed between INR 28,500-28,600/t exw. Sponge iron (FeM 80%) prices fell by INR 500/t and 1,300 t of deals were concluded between INR 27,000-27,100/t exw against offers at INR 27,300/t. Spot buying continues to remain…