Tag: Steel demand in southern region

South India: Steel market weakens further on lower bids, dull demand

Nov 3, 2022

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by

Prashasti Giri

in Sponge Iron

Scrap and Metallics SteelMint’s price assessment for sponge P-DRI (FeM 80%) in Bellary moved down to INR 31,500/t exw (- INR 800), and CDRI to INR 33,050/t exw (- INR 700) w-o-w. Trades comprising 21,100 tonnes (t) of sponge iron (PDRI and CDRI combined) have been recorded since last week. Due to reduced finished steel…