Tag: Southern India steel scenario

South India: Steel market continues to remain weak amid sluggish trends

Nov 10, 2022

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by

Prashasti Giri

in Sponge Iron

Scrap and metallics Sponge P-DRI (FeM 80%) prices in Bellary, Karnataka were assessed by SteelMint at INR 30,200/t exw (- INR 1,300), and CDRI at INR 31,850/t exw (- INR 1,200) w-o-w. 21,700 tonnes (t) of sponge iron (PDRI and CDRI combined) were traded this week (3-9 November). Despite a drop in the suppliers’ offer…