SteelMint’s price assessment for sponge C-DRI (FeM 80%, mix material) stands at INR 32,000/t ($430) exw-Rourkela in Odisha, down by INR 200/t. Around 2,100 t of sponge C-DRI (FeM 80%) deals were confirmed in the range of INR 31,800-32,000/t exw. Sources said that dull demand and falling billet prices resulted in a drop in sponge iron prices.
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