Tag: Bellary Sponge iron offers

India: Sponge iron demand remains weak in Bellary despite lower offers

Nov 16, 2022

—

by

Prashasti Giri

in Sponge Iron

Sponge iron (PDRI, FeM 80%) offers edged lower by INR 150/t in Bellary on 16 Nov. 2,450 t of deals were concluded at INR 28,300-28,500/t exw against offers at INR 28,700/t. CDRI prices fell by INR 400/t and 2,100 t of deals were confirmed at INR 29,800-30,000/t exw. Demand turned slow as buyers adopted a…