Author: Aditi Raj

Increased supply of Iron ore from domestic miners and cheaper import have put pressure on Indian Sponge iron prices, which have declined by upto INR 200/MT W-o-W and INR 1,500/MT M-o-M. Recent price cut by Odisha based Iron pellet manufacturers by upto INR 400/MT in a week’s time has signaled an increase in selling pressure…