Author: Prashasti Giri

Sponge iron prices in India decreased today by INR 50-400/tonne (t) across regions due to weakened market sentiment. However, prices in Raigarh and Durgapur edged up by INR 50-100/t. Buying demand remained modest on Tuesday, impacted by sluggish movement in the semi-finished and finished steel segments, leading to further reductions in offers. However, offers went…