Author: Manish Vasdev

Indian Sponge iron prices have noticed a downfall of INR 100-200/MT on Saturday and around INR 200-800/MT W-o-W due to surge in production. Current offers for 80 FeM Sponge iron (C-DRI) are assessed at INR 17,100-17,200/MT and Pellet sponge (P-DRI) at INR 15,800/MT ex-Raipur. Consistent decline in Iron ore prices by NMDC has increased supply…