- Sponge iron PDRI (FeM 80%) offers increased by INR 500/t and around 8,700 t deals were concluded between INR 29,000-29,300/t exw against offers at INR 29,500/t exw on 29 Nov’22.
- Iron ore lump-based DRI (CDRI) prices rose by INR 200/t & around 3,500 t deals were confirmed at INR 30,000-30,200/t exw.
- Spot buying in sponge iron increased today, followed by rising billets prices across India.
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