Author: Manish Vasdev

Sponge iron prices soared to INR 12,800-15,000/MT level which was last seen 7 months before in Feb’16. East India logistics issue and high coal prices are the major reasons heard. Today, offers for 78-80 FeM C-DRI by east based manufacturers are at INR 12,800-13,000/MT ex-Rourkela, and INR 13,400-13,500/MT in Durgapur. Whereas the same grade material…