Active demand, increasing coal prices as well as supply shortage continue to pull sponge iron prices in Odisha higher. SteelMint’s assessment for sponge C-DRI (FeM 80%, mix material) stands at INR 31,750/t ($431) exw-Rourkela in Odisha, up INR 300/t, d-o-d. Around 3,420 t of sponge C-DRI deals were confirmed in the range of INR 31,500-32,000/t exw-Rourkela.
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