Author: Prashasti Giri

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…