Tag: Bellary Sponge iron offers

India: Sponge iron trades improve on lower offers in Bellary, Karnataka

May 5, 2022

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by

Prashasti Giri

in Sponge Iron

Pellet-based sponge PDRI (FeM 80%) as well as iron ore-based DRI (CDRI) prices fell by INR 400/t as on 5 May’22. About 2,900 t of PDRI deals were confirmed at INR 36,000/t exw against offers at INR 36,500/t exw. SteelMint’s assessment for CDRI stands at INR 37,000/t exw and 2,300 t of deals were reported.