Author: Rounak Gairarey
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Indian sponge iron prices plunge to three-year low on improved supply
Sponge iron prices assessed by SteelMint have fallen to a three-year low on the back of ample supply and sluggish demand. Sponge P-DRI prices in Raipur have fallen by INR 1,000 ($14)/t over the week to INR 14,800-15,000/t, while prices in Bellary fell by INR 500-700/t to INR 14,800-900/t; EXW. Prices in other markets have…