Author: Romil Sethi

Sponge iron, PDRI (FeM 80%) prices dropped by INR 150/t, while iron ore-based DRI (CDRI) prices declined by INR 300/t on 2 Nov’22. 1,400 t PDRI deals were confirmed at INR 31,400-31,500/t exw against offers at INR 31,600/t exw. 1,050 t CDRI deals were concluded at INR 33,000-33,200/t exw. Spot buying remained low amid the…