- Sponge iron (PDRI, FeM 80%) offers inched down INR 350/t d-o-d in Bellary on 24 Nov’22. Around 2,300 t of deals were concluded between INR 28,400-28,500/t exw against offers at INR 28,500/t.
- Iron ore lumps-based DRI (CDRI) prices plunged by INR 1,200/t d-o-d. 1,750 t of deals were confirmed at INR 29,400-29,500/t exw.
- Demand remains subdued as buyers are waiting for prices to stabilise.
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