Author: Romil Sethi

Sponge iron prices in India dropped further by INR 50-200/t in major markets. This decline can be attributed to a negative market sentiment influenced by a significant downturn in the semi-finished steel segment. PDRI market prices closed at a range of INR 24,700-27,400/t and CDRI prices, at INR 26,300-31,000/t. Cautious perspectives from the buyers’ end,…