Sponge C-DRI (FeM 80%) prices in Odisha’s Rourkela moved up by INR 300/t on 12 Aug’21. As per reports, current offers for sponge C-DRI are at INR 32,700/t ($440/t). About 3,400 t of deals were confirmed at INR 32,500-32,800/t exw-Rourkela today. According to sources, limited supply and active demand from local players amid rising sponge iron offers in central India have triggered the hike in prices.
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