Sponge Iron market shows mixed sentiments  

Sponge Iron prices in some places are high whereas in others have come down.

Mandi Gobindgarh trades at Rs 200/MT less from last trade. 

Raipur, Raigarh and Rourkela Sponge Iron prices gain as Ingot. Prices slip by Rs 200/MT.

Hyderabad Sponge Iron price also showed a major correction like that of Ingot by Rs 500/MT. Power issues result in production cut and offers come down to Rs 30,500/MT (Including all). 

Chhattisgarh power tariff rise will be effective from tomorrow. On account of this Sponge making cost will also go up..