SteelMint’s assessment for Rourkela sponge iron (FeM 80%) prices are up by INR 400/t on 26 Jul’21. Current offers for C-DRI stand at INR 31,400/t exw-Rourkela.
- Confirmed trade for about 5,200 t of sponge iron were concluded in the range of INR 31,000-31,400/t exw-Rourkela.
- Prices increased due to active demand and rise in billet prices by up to INR 200/t d-o-d.
- Sources reported that a rake of 1,260 t of C-DRI mixed material export deal to Nepal at INR 31,300-500/t ($420-423) exw on 24 Jul’21.
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