Author: Rounak Gairarey

India: Sponge Iron Offers Drop Over Increased Availability and Limited Inquiries

Jun 20, 2019

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by

Rounak Gairarey

in Sponge Iron

The sponge iron producers in central, eastern & southern India shared that currently sponge iron prices are trading below par value on account of healthy availability due to limited trades amid free fall in ingot/billet prices. Indian sponge iron prices plunged by INR 500-1,000/MT in a week & INR 2,000-2,800/MT (USD 28-40) M-o-M with major…