Author: Romil Sethi

India’s sponge iron market witnessed a rise in prices today ranging from INR 100-350/t in almost all major locations. This can be attributed to active spot trading coupled with buying interest. However, sponge PDRI prices in Bellary dropped a marginal INR 50/t. PDRI market prices closed at a range of INR 25,000-27,450/t and CDRI prices…