Tag: Bellary Sponge iron offers
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India: Sponge iron demand continues to remain subdued in Bellary, Karnataka
Pellet-based sponge iron (FeM 80%) prices in Karnataka’s Bellary dropped marginally by INR 100/t while iron ore-based DRI (CDRI) prices remained stable as on 22 Aug. PDRI deals of 1,950 t were confirmed at INR 34,300-34,500/t exw against offers at INR 34,500/t exw. CDRI prices stand at INR 35,500-35,600/t exw and around 2,000 t deals…