Tag: Bellary Sponge Iron Prices
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India: Sponge iron prices rise further in Bellary
Pellet-based sponge iron, P-DRI, prices in Karnataka’s Bellary rose further by INR 250/t on 18 Jan’22, while prices of iron ore-based material, C-DRI (FeM 80%), increased by INR 50/t. Limited deals were reported today. Around 2,100 t of P-DRI deals were confirmed at INR 31,600-31,900/t against offers at INR 32,000/t exw. SteelMint’s assessment for C-DRI…