Author: Romil Sethi

Sponge iron prices in India dropped further by INR 200-600/t in major markets. This decline can be attributed to negative market sentiments influenced by a significant downturn in semi-finished steel prices. PDRI prices closed at INR 24,800-27,400/t and CDRI at INR 27,000-32,200/t. South African RB2 coal prices reduced by INR 100/t. RB2 (5500 NAR) exw…