India: Sponge iron prices remain stable in Bellary, Karnataka

  • Sponge iron (FeM 80%) prices remained stable with 800 t deals concluded at INR 31,700-31,800/t exw against offers at INR 31,800/t exw on 1 Nov’22.
  • Iron ore lump-based DRI (CDRI) prices stand at INR 33,350/t exw and around 1,200 t deals were confirmed between INR 33,200-33,500/t exw.

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