Author: Romil Sethi

Muted spot trading activity amid festivity Sponge iron prices in India dropped further by INR 50-500/t in major markets. This decline can be attributed to a negative market sentiment influenced by a significant downturn in the semi-finished steel segment. PDRI market prices closed at a range of INR 27,700-29,250/t and CDRI prices at INR 28,700-34,800/t.…