SteelMint’s price assessment for sponge C-DRI (FeM 80%, mix material) stands at INR 31,350/t ($421) exw-Rourkela in Odisha, down by INR 50/t d-o-d. In all, about 2,320 t of deals were reported by local manufacturers on 27 Jul’21. It was learnt that demand remained limited today as buyers had placed sufficient bookings yesterday. Moreover, slight price corrections in billet resulted in low buying interest for sponge iron.
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