Author: Aditi Raj

Despite persistent decline in iron ore prices, sponge iron prices in central and east India have risen sharply by INR 500-900/MT. Imposition of safeguard duty is lending support to sponge iron prices across markets. Alongside, manufacturers of sponge have raised offers, following increase in ingot/billet prices. Currently, C-DRI prices are assessed in Durgapur at INR 15,650/MT…