“Expect sponge prices to stabilize soon”- Tata Sponge

Indian sponge industry which is under going a sluggish phase for last few weeks,look to stabilize soon commented Tata sponge MD in an interview given to a private news channel.

“Certainly industry is not doing good and there is a slow down on factors like low scrap and pig iron prices in international and domestic market. But it looks we are entering in a stability mode.” said MD, Tata Sponge.

Our order books are strong on our premium quality, he said.