Author: Lipsita Nayak
-

India: Sponge iron prices decline on weak buying interest, surplus availability
Need-based buying keeps trade activity subdued Demand from finished steel segment remains muted Domestic sponge iron prices declined by around INR 100-1,000/t d-o-d across major regions amid weak buying interest and surplus availability. In Raipur, PDRI prices settled at around INR 28,500/t, down by INR 550/t. Raigarh saw the steepest decline of INR 1,000/t, with…