Tag: Bellary Sponge iron offers

India: Sponge iron trade improves in Bellary amidst slight uptick in offers

Aug 1, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron, PDRI (FeM 80%), and iron ore-based DRI (CDRI) prices in Karnataka’s Bellary inched up by INR 50/t on 1 August. PDRI deals of 7,300 t were confirmed at INR 34,000-34,300/t exw against offers at INR 34,300/t exw. CDRI assessment stands at INR 35,350/t exw and 5,000 t of deals were reported. Optimistic trends…