Tag: Bellary Sponge iron offers

India: Sponge iron offers rise slightly in Bellary, demand remains weak

Jun 10, 2022

—

by

Prashasti Giri

in Sponge Iron

Sponge iron, PDRI (FeM 80%) and iron ore-based DRI (CDRI), prices in Karnataka’s Bellary inched up by INR 50/t on 10 Jun’22. About 1,200 t of PDRI deals were confirmed at INR 32,100-32,200/t exw against offers at INR 32,200/t exw. SteelMint’s assessment for CDRI stands at INR 32,700/t exw and around 800 t of deals…