Author: Prashasti Giri

Subdued finished steel demand pressures DRI offers Margin stress persists amid elevated raw material costs India’s sponge iron market witnessed broad-based corrections on 19 February, with prices declining by INR 100-300/t day-on-day across major producing regions, as weak finished steel demand continued to dampen procurement activity. Muted downstream offtake weighed heavily on trading sentiment, resulting…