- Sponge iron, PDRI (FeM 80%) prices in Bellary fell by INR 350/t with 2,000 t of deals reported at INR 36,200-36,500/t exw against offers at INR 36,800/t exw on 4 May’22.
- Deals of 1,400 t were confirmed for iron ore lump-based DRI (CDRI) at around INR 37,400-37,500/t exw.
- Prices fell on low demand amid decline in billet prices in Hyderabad by INR 1,000/t, d-o-d.
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