Author: Romil Sethi

Indian sponge iron prices hit an all-time high on 1 Mar’22 since 2010, the period from which SteelMint has been maintaining its data. C-DRI (lump based) prices, exw-Raipur, spiralled up to INR 39,000/t, while P-DRI (pellet based) rates touched INR 38,200/t exw. Reasons for higher sponge iron prices: Hike in iron ore prices: Iron ore…