Intel Details

India: Sponge iron demand slows down in Bellary, Karnataka

Sponge Iron
30 Jun 2022, 17:42 IST
Steel Mint Intel

Sponge iron, PDRI (FeM 80%), prices in Karnataka's Bellary remained stable at INR 33,800/t exw, whereas iron ore-based CDRI prices fell INR 150/t on 30 Jun'22.

  • 1,700 t of PDRI deals were confirmed at INR 33,800-34,000/t as against offers at INR 34,000/t exw.
  • SteelMint's assessment for CDRI stands at INR 34,000/t exw and around 980 t of deals were reported.
  • Trades remained slow as buyers were in a wait-and-watch mode on sufficient previous bookings.

30 Jun 2022, 17:42 IST
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