Tag: Bellary Sponge iron offers

India: Sponge iron prices edge down in Bellary, demand weakens

Jul 14, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron, PDRI (FeM 80%) and CDRI, prices in Karnataka’s Bellary declined by INR 200/t on 14 July. 1,400 t of pellet-based sponge iron (PDRI) deals were confirmed at INR 35,000-35,200/t exw. About 1,600 t of iron ore-based DRI (CDRI) deals were reported at INR 35,300-35,500/t exw today. Demand continued to slow down on low…