Author: Manish Vasdev

Sponge iron (DRI) prices in India continue to decline owing to lower demand and easing of raw material supply. Prices have corrected further by INR 100-300/MT on Wednesday, with offers ranging from INR 18,400-19,400/MT for 78-80 FeM Sponge iron (C-DRI) and INR 17,200-18,200/MT for 79-80 FeM Pellet Sponge (P-DRI). Key Highlights Sponge iron prices in Durgapur…