Author: Sakshi Singh

Indian sponge iron prices declined by INR 100-250/tonne (t) across regions today. Only Chennai saw a rise, with prices reaching INR 26,500/t. PDRI prices closed at INR 23,900-27,100/t, while CDRI settled at INR 26,450-30,900/t. Due to the large volume of purchases made yesterday, buyers remained muted, which pushed prices downward. Offers, meanwhile, kept declining. Need-based…