- Sponge iron (FeM 80%) offers fell by INR 350/t and 5,600 t were concluded between INR 28,100-28,500/t exw against offers at INR 28,500/t exw on 25 Nov’22.
- Iron ore lump-based DRI (CDRI) prices increased slightly by INR 50/t. Around 2,600 t deals were confirmed at INR 29,400-29,500/t exw.
- As market picked up with positive sentiments in the afternoon, spot buying in sponge iron improved.
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