Intel Details

India: Dull demand weighs on sponge iron prices in Odisha

Sponge Iron
26 Oct 2021, 17:21 IST
Steel Mint Intel

Sponge C-DRI (70:30, mix material) in Odisha inched down INR 250/t to INR 34,900/t exw-Rourkela on 26 Oct'21.

  • Around 1,000 t of C-DRI deals were confirmed in the range of INR 34,800-35,000/t exw. A few bids were reported at INR 34,500/t.
  • Dull demand as well as the fall in steel billet prices by INR 500/t have put pressure on sponge iron prices.

26 Oct 2021, 17:21 IST
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