SteelMint’s price assessment for sponge C-DRI (FeM 80%, mix material) stands at INR 30,400/t ($416) in Odisha, down INR 250/t on 6 Sept’21. Around 2,500 t of sponge C-DRI deals were confirmed in the range of INR 30,400-30,500/t as against offers at INR 30,500/t exw-Rourkela. Sources said that demand remained dull today, while a slight fall in billet prices to the tune of INR 100/t, d-o-d, resulted in a drop in sponge iron prices.
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