Tag: Bellary Sponge iron offers

India: Sponge iron offers fall further in Bellary, Karnataka

May 10, 2022

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by

Prashasti Giri

in Sponge Iron

Sponge iron, PDRI (FeM 80%), prices in Bellary fell by INR 300/t, while iron ore-based DRI (CDRI) prices declined by INR 350/t on 10 May 2022. PDRI deals of 2,400 t were confirmed at INR 35,800-36,200/t exw against offers at INR 36,300/t exw. SteelMint’s assessment for CDRI is at INR 37,000/t exw, and deals of…