Tag: Bellary Sponge iron offers

India: Sponge iron offers fall on limited bids in Bellary, Karnataka

May 16, 2022

—

by

Prashasti Giri

in Sponge Iron

Sponge iron, PDRI (FeM 80%), prices in Karnataka’s Bellary declined by INR 350/t, while iron ore based DRI (CDRI) prices declined by INR 700/t today. PDRI deals of 1,300 t were confirmed at INR 35,100-35,200/t exw against offers at INR 35,500/t exw. SteelMint’s assessment for CDRI stands at INR 35,600/t exw. Low buying continued to…