Tag: Bellary Sponge iron offers

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

May 26, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron, PDRI (FeM 80%), prices in Karnataka’s Bellary fell by INR 150/t, while iron ore-based DRI (CDRI) prices fell by INR 350/t on 26 May 2022. Around 2,100 t of PDRI deals were confirmed at INR 31,300-31,700/t exw against offers at INR 31,700/t exw. SteelMint’s assessment for CDRI stands at INR 31,950/t exw around…