Tag: Bellary Sponge iron offers

India: About 10,000 t sponge iron deals concluded from Bellary

Jul 8, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron (FeM 80%) prices in Bellary, Karnataka moved up by INR 350-400/t on 8 July. 4,700 t of PDRI deals were confirmed at INR 34,300-34,500/t exw, while, 5,300 t of lump-based DRI (CDRI) deals were recorded at INR 34,600-35,000/t exw. Strong demand for sponge iron led to an increase in offers. Hyderabad billet prices…