Sponge iron prices in Odisha’s Rourkela increased by INR 350/t on 30 Nov’21. SteelMint’s assessment for sponge iron, C-DRI (70% lumps & 30% fines), stands at INR 30,500/t. A total of 2,920 t of deals were confirmed at INR 30,500-30,600/t exw-Rourkela. According to sources, demand remained robust today in parallel with the INR 100/t, d-o-d, rise in steel billet prices.
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