Author: Rounak Gairarey

Eastern India: Sponge iron prices hit a 26-month high in Odisha

Nov 21, 2020

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by

Rounak Gairarey

in Sponge Iron

The mid-sized sponge plants have raised their offers significantly due to a surge in iron ore prices along with a temporary supply shortage of sponge iron and strong export demand. The fresh offer of sponge C-DRI stand at INR 25,000-25,200/t exw Rourkela, which is 26 months high. Officials from Odisha based largest sponge plant reported…