Tag: Bellary Sponge Iron price falls

7,400 t of pellet-based sponge iron (PDRI) deals were confirmed at INR 34,800-35,000/t against offers at INR 35,000/t exw in Karnataka’s Bellary market on 2 Feb’22. About 2,800 t of iron ore-based DRI (CDRI) deals were reported at INR 35,200-35,600/t ($470-476/t) exw. Prices drifted downwards owing to lower bids quoted by furnaces amid fall in…