Tag: Sponge iron offer Bellary
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India: Over 9,000 t sponge iron deals recorded in Bellary, Karnataka
Sponge iron, PDRI (FeM 80%) and CDRI, prices in Bellary rose marginally by INR 200/t on 20 May. About 5,450 t of PDRI deals were confirmed at INR 34,500-34,700/t exw. SteelMint’s assessment for CDRI stands at INR 35,300/t exw. About 4,200 t of deals were recorded. The sponge iron price trend in the near-term will…