Author: Romil Sethi
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India: Odisha sponge iron prices rise by INR 200/t
SteelMint’s assessment for sponge C-DRI (70% lumps & 30% fines) stands at INR 30,000/t ($400/t) on 26 Nov’21. About 2,600 t of deals were confirmed at INR 29,900-30,000/t exw-Rourkela today. Prices are likely to remain supported as coal prices spike by INR 1,600 to INR 12,300/t ex-Gangavaram (RB2 5500 NAR), followed by rise in billet…