Author: Rounak Gairarey

Following significant downfall in domestic sponge prices, export offers have also went down by USD 5-10/MT and by USD 10-15/MT in a week’s duration. Sponge iron prices in Indian domestic market slumped by INR 1,000-1,500/MT (USD 14-21) W-o-W on limited inquiries and rising selling pressure with the producers. Further the export sources in eastern India…