Tag: Bellary Sponge iron offers

India: Over 7,000 t sponge iron deals reported from Bellary, Karnataka

May 12, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron demand improves in Karnataka after a significant price fall, SteelMints notes. Sponge PDRI (FeM 80%) prices in Karnataka’s Bellary dip by INR 50/t, while CDRI prices decline by INR 200/t on 12 May 2022. PDRI deals of 4,200 t were confirmed at INR 35,200-35,500/t exw against offers at INR 35,800/t exw. SteelMint’s assessment…