Author: Romil Sethi
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India: Sponge iron prices drop on limited spot demand – 16 Feb
Indian sponge iron prices edged down today by INR 50-250/t in major locations. However, sponge iron prices only in Raigarh and Hyderabad showed a slight rise by INR 50-150/t. PDRI market prices closed at a range of INR 24,400-27,100/t and CDRI prices at INR 25,500-30,800/t. Limited trading activity were reported d-o-d, as buyers have already…