Author: Manish Vasdev
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Indian Sponge Market Trade-wise Updates
In a week’s time, sponge iron prices rose marginally by INR 100-200/MT, however, billet offers have surged sharply by INR 400-500/MT. The slight rise in sponge prices is mainly due to constant selling pressure on sponge manufacturers. Currently, 80 FeM C-DRI lump offers are assessed in Odisha at INR 10,800-11,200/MT, Durgapur at INR 10,800-11,800/MT, Bellary…