Sponge iron prices in Rourkela increased by INR 700/t on 3 Jan’22. SteelMint’s assessment for sponge iron C-DRI (70% lumps & 30% fines) stands at INR 32,450/t. A total of 2,270 t of deals were confirmed at INR 32,300-32,500/t exw Rourkela. Steel billet prices, which rose by INR 750/t today, kept sponge iron prices supported, SteelMint learnt from sources.
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