SteelMint’s price assessment for sponge C-DRI (FeM 80%, mix material) stands at INR 36,400/t ($483/t) exw-Rourkela, down by INR 50/t on 13 Oct’21. Around 1,500 t of sponge C-DRI (FeM 80%) deals were confirmed at INR 36,300/t exw. According to sources, the market was mostly inactive today on the occasion of Durga Puja. However, correction in domestic billet prices by INR 500/t, d-o-d resulted in a drop in sponge iron prices.
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