Sponge iron prices in Odisha’s Rourkela remained unchanged on 25 Aug’21. Current offers for sponge C-DRI (FeM 80%, mix material) stand at around INR 32,000/t ($431) exw-Rourkela. Around 1,200 t of deals were reported at INR 31,700-32,000/t exw. According to sources, demand remained limited today, Moreover, slight price corrections in billet resulted in low buying interest for sponge iron.
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