Tag: Bellary Sponge iron offers
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India: Sponge iron offers up marginally in Bellary, Karnataka
Sponge iron, PDRI (FeM 80%) and iron ore-based DRI (CDRI), prices in Bellary inched up by INR 50/t on 7 July. PDRI deals of 2,100 t were confirmed at INR 34,000-34,100/t and around 2,900 t of CDRI deals were reported at INR 34,300-34,550/t exw. Strengthening billet and coal prices remained the key factor behind the…