Tag: South steel scenario

South India: Market weakens further as steel demand continues to decline

Nov 17, 2022

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by

Prashasti Giri

in Sponge Iron

Scrap & Metallics Sponge P-DRI (FeM 80%) in Bellary was assessed by SteelMint at INR 27,500/t exw (- INR 2,850), and CDRI at INR 29,350/t exw (- INR 2,750) w-o-w. 28,600 tonnes (t) of sponge iron trades were concluded this week (PDRI and CDRI combined). This week, the trade in sponge iron picked up somewhat…