India: Odisha sponge iron prices fall slightly on weak sentiments

Sponge iron prices In Rourkela fell by INR 100/t on 7 Sept’21. SteelMint’s price assessment for sponge iron C-DRI (FeM 80%, mix material) stands at INR 30,300/t exw. A total of 2,300 t of deals were confirmed in the range of INR 30,200-30,500/t exw Rourkela. According to sources, weak demand continues to put sponge iron prices under pressure.