- Iron ore lump-based sponge iron (CDRI) prices in Karnataka’s Bellary rose INR 200/t today and 2,000 t of deals were reported at around INR 32,400-32,600/t exw.
- 3,200 t of pellet-based sponge PDRI deals were confirmed at INR 32,000/t exw.
- Low buying activity was observed today as buyers are expecting further correction in spot prices.
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