Author: Romil Sethi

India: Sponge iron prices drop by up to INR 550/t on soft steel demand – 13 May

May 13, 2024

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by

Romil Sethi

in Sponge Iron

Spot trade volumes decrease d-o-d Billet prices fall by INR 100-500/t Sponge iron prices in all key domestic markets dropped in the range of INR 50-550/tonne (t) on 13 May, 2024 due to soft steel demand. PDRI market prices closed at a range of INR 27,800-29,200/t and CDRI prices, at INR 29,500-35,200/t. South African RB2…