- Sponge iron, PDRI (FeM 80%) prices in Karnataka’s Bellary declined by INR 850/t and PDRI deals of 1,300 t were confirmed at INR 31,800-32,000/t exw on 24 May 2022.
- SteelMint’s price assessment for CDRI stands at INR 32,850/t exw and deals of 500 t were reported.
- Prices remained under pressure owing to low demand in the sponge market today.
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