Author: Rounak Gairarey

Indian sponge iron prices have increased sharply reaching its 2 month-high since mid-Aug in central & southern regions. The fresh offers for sponge P-DRI are at INR 21,400/t exw Raipur & INR 20,400/t exw Bellary, as per data maintained by SteelMint. The key factors in rising sponge prices are: Increasing raw material prices: NMDC has…