- Sponge iron (FeM 80%), offers raised by INR 100/t and 1,200 t were concluded between INR 30,300-30,400/t exw against offers at INR 30,500/t exw on 9 Nov’22.
- Iron ore lump-based DRI (CDRI) prices climbed marginally by INR 100/t. Around 1,850 t deals were confirmed at INR 32,000-32,200/t exw.
- Due to sufficient amount of bookings in last couple of days, buying in sponge remained slow.
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