Author: Romil Sethi

Indian sponge iron prices edged down today by INR 50-250/t in major locations. Sponge iron prices fell due to the downtrend in the semi-finished and finished long steel segments which led to weak demand throughout the day. PDRI market prices closed at a range of INR 24,650-27,400/t and CDRI prices, at INR 26,050-31,000/t. As a…