- About 2,800 t of pellet-based sponge iron (PDRI) deals were confirmed at INR 33,800-34,000/t against offers at INR 34,000/t exw in Bellary, Karnataka today.
- About 2,500 t of iron ore-based DRI (CDRI) deals were reported at INR 34,200-34,500/t ($458-462/t) exw.
- Sponge iron price trend will largely depend on raw materials (iron ore and coal) price movements, SteelMint notes.
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