Sponge iron prices across India remained stable despite sluggish demand in finished steel prices. Prices were more or less stable compared to last trade.
Sponge manufacturers are unwilling to cut prices looking at shortage of Iron ore after Orissa mining authority has stopped issuing permits to domestic manufacturers and exporters.
Sponge prices
Raipur- 23,800-900
Raigarh- 23,700
Rourkela- 21,800-2000
Bellary- 20,700
Prices Ex-works, excise and taxes ext
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