- Sponge iron PDRI (FeM 80%) prices increased by INR 300/t and deals of 5,100 t were concluded between INR 30,400-30,500/t exw on 8 Dec’22.
- Iron ore lump-based DRI (CDRI) prices rose by INR 300/t & around 1,500 t deals were confirmed between INR 31,500-31,600/t exw.
- Spot buying of sponge iron remained moderate today as buyers already had enough orders in hand placed in past few days.
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