Author: Romil Sethi
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India: Sponge iron prices rise by INR 550/t in Odisha
SteelMint’s assessment for sponge iron, C-DRI (70% lumps and 30% fines), stands at INR 29,050/t ($385/t), up by INR 550/t. About 2,750 t of deals were confirmed at INR 28,800-29,300/t exw-Rourkela today. Rise in steel billet prices, which increased by INR 650/t exw-Rourkela, has kept sponge iron prices supported. A deal for 1,250 t of…