India: Sponge iron prices fall marginally in Odisha

Sponge iron prices in Odisha’s Rourkela moved down by INR 100/t on 15 Dec’21. SteelMint’s assessment for sponge iron, C-DRI (70% lumps & 30% fines), stands at INR 30,500/t.

• Around 1,400 t of deals were confirmed at INR 30,200-30,700/t exw-Rourkela.
• Steel billet prices fell by INR 150/t today, which put sponge prices under pressure, SteelMint learnt from sources.