Tag: Bellary Sponge iron offers

India: Limited demand weighs on sponge offers in Bellary, Karnataka

Jun 1, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron, PDRI (FeM 80%) and CDRI prices declined by INR 350/t on 1 June 2022. 500 t of PDRI deals were confirmed at INR 31,500/t exw against offers at INR 31,700/t exw. SteelMint’s assessment for CDRI stands at INR 32,200/t exw with around 2,300 t deals reported. Low demand and fall in billet offers…