India: Odisha sponge iron prices remain under pressure

Sponge C-DRI (FeM 80%, mix material) prices in Odisha’s Rourkela slipped by INR 300/t on 3 Nov’21.

• SteelMint’s assessment for sponge C-DRI stands at INR 34,000/t ($456/t) and about 1,800 t of deals were reported.
• 2,500 t of C-DRI (FeM 81-82%, lumps 100%) export deals were reported to Nepal at INR 36,000/t ($483/t)loaded on to rake from Odisha.