Author: Romil Sethi
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India: Sponge iron prices drop on limited demand – 7 May
South African RB2 prices remain stable Buyers make need-based bookings Indian sponge iron prices edged down today by INR 50-300/tonne (t) in major locations amid limited demand. PDRI market prices closed at a range of INR 28,800-30,250/t and CDRI prices, at INR 30,000-36,000/t. South African RB2 prices remained stable today. Non-coking RB2 (5500 NAR) exw-Gangavaram…