Tag: Bellary Sponge Iron price falls

About 2,800 t of pellet-based sponge iron (PDRI) deals were confirmed at INR 33,800-34,000/t against offers at INR 34,000/t exw in Bellary, Karnataka today. About 2,500 t of iron ore-based DRI (CDRI) deals were reported at INR 34,200-34,500/t ($458-462/t) exw. Sponge iron price trend will largely depend on raw materials (iron ore and coal) price…