- Sponge iron (FeM 80%) prices fell by INR 450/t in Bellary, Karnataka on 7 Nov’22. Around 2,700 t of deals were concluded at INR 30,200-30,650/t exw against offers at INR 30,900/t exw.
- Lump-based DRI (CDRI) prices dropped by INR 200/t. Around 1,650 t of deals were confirmed at INR 32,000-32,200/t exw.
- Declining billet offers throughout the day kept buying interest for sponge iron limited.
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