Author: Nidhi Awasthi

Lack of trades leads to reduction Sponge, billet prices fall sharply Raipur-based pellet producers reduced their offers for 62.5/63% (+/-0.5%) material further by INR 200/t ($2/t) to INR 9,700-9,800/t ($102-103/t) exw recently. The downward revision follows lack of deals and reduced sponge iron and semi-finished steel prices, limited buying interest from downstream sectors. In the…