Tag: Bellary Sponge iron offers

Sponge iron, PDRI (FeM 80%) prices in Bellary fell by INR 350/t with 2,000 t of deals reported at INR 36,200-36,500/t exw against offers at INR 36,800/t exw on 4 May’22. Deals of 1,400 t were confirmed for iron ore lump-based DRI (CDRI) at around INR 37,400-37,500/t exw. Prices fell on low demand amid decline…