Tag: Bellary Sponge iron offers

India: Sponge iron offers rise in Bellary despite moderate demand

Jun 13, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron (FeM 80%) prices in Karnataka’s Bellary rose by INR 150-200/t on 13 June’22. About 1,200 t of PDRI deals were confirmed at INR 32,200-32,300/t exw. SteelMint’s assessment for CDRI stood at INR 32,900/t exw and around 1,500 t of deals were reported. Rising billet prices have strengthened sponge iron offers. Demand, however, continued…