- Pellet-based DRI (PDRI, FeM 80%) deals of 2,600 t were concluded at INR 32,100-32,200/t exw, while offers fell by INR 100/t on 11 Oct’22 in Bellary.
- Iron ore lump-based DRI (CDRI) offers decreased by INR 200/t and around 1,050 t of deals were concluded at INR 33,700-33,800/t exw.
- Sponge iron demand remained weak as buyers desisted from bookings on sufficient orders placed in the last few days.
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