- 7,400 t of pellet-based sponge iron (PDRI) deals were confirmed at INR 34,800-35,000/t against offers at INR 35,000/t exw in Karnataka’s Bellary market on 2 Feb’22.
- About 2,800 t of iron ore-based DRI (CDRI) deals were reported at INR 35,200-35,600/t ($470-476/t) exw.
- Prices drifted downwards owing to lower bids quoted by furnaces amid fall in coal prices.
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