Author: Romil Sethi

Indian sponge iron prices edged down today by INR 50-300/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 25,350-27,350/t and CDRI prices at INR 26,600-31,400/t. As a…