- Sponge iron (FeM 80%), price fell slightly by INR 100/t and 600 t deals were concluded between INR 29,800-30,000/t exw on 21 Nov’22.
- Iron ore lump-based DRI (CDRI) prices inched down by INR 100/t & around 700 t deals were confirmed at INR 31,100-31,600/t exw.
- Market activity and enquiries remain low today as buyers approached wait-and-watch positions.
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