- Sponge iron (FeM 80%) prices in Bellary rose up to INR 600/t on improved trades.
- 7,200 t of pellet-based DRI (PDRI) deals were confirmed at INR 37,200-37,500/t against offers at INR 37,800/t exw.
- 7,650 t of deals were reported for lump-based DRI (CDRI) at around INR 38,600/t exw.
- Offers headed north with the rise in trade volumes of semis as market participants expected offers to strengthen.
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