- Sponge iron (FeM 80%) prices fell by INR 400/t and 4,350 t deals were concluded between INR 28,500-28,900/t exw against offers at INR 29,000/t exw on 15 Nov’22.
- Iron ore lump-based DRI (CDRI) prices dropped by INR 300/t. Around 4,300 t of deals were confirmed between INR 30,200-30,300/t exw.
- Sponge iron demand remains active as lower offers influenced buyers, SteelMint noted.
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