India: Sponge iron prices rise marginally in Odisha

Sponge iron prices in Odisha’s Rourkela increased by INR 100/t on 24 Nov’21. SteelMint’s assessment for sponge iron, C-DRI (70% lumps & 30% fines), stands at INR 30,050/t exw.

• Around 3,600 t of deals were confirmed at INR 30,000-30,100/t exw-Rourkela.
• Steel billet prices, which rose by INR 150/t today, kept sponge iron prices supported, SteelMint learnt from sources.