Intel Details

India: Dull demand weighs on sponge iron prices in Odisha

Sponge Iron
8 Oct 2021, 17:47 IST
Steel Mint Intel

SteelMint's assessment for sponge C-DRI (70:30, mix material) in Odisha inched down by INR 350/t to INR 34,500/t exw-Rourkela on 8 Oct'21. Around 2,780 t of C-DRI deals were confirmed in the range of INR 34,100-34,500/t exw. According to sources, dull demand as well as falling billet prices have resulted in a decline in sponge iron prices.

8 Oct 2021, 17:47 IST
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