SteelMint’s price assessment for sponge C-DRI (FeM 80%, mix material) stands at INR 30,500/t ($413) in Odisha, up INR 100/t. Around 3,650 t of sponge C-DRI deals were confirmed in the range of INR 30,100-30,500/t exw-Rourkela. A deal comprising 900 t (100% lumps) was reported at INR 30,700/t exw-Rourkela to Uttar Pradesh and Jalna. Increasing billet prices are boosting sponge iron prices.
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