Author: Prashasti Giri

Sponge iron prices displayed contrasting trends across India, with a drop of INR 50-300/tonne (t) d-o-d recorded in some regions due to weak demand and bearish market sentiments. However, in other areas, prices saw an increase of INR 100-200/t d-o-d. Despite lower spot market offers, buyers remained cautious, adopting a “wait and watch” approach, as…