Author: Sakshi Singh
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India: Sponge iron prices rise on moderate trading – 2 Jan
Sponge iron prices in India rose by INR 50-150/tonne (t) d-o-d across markets today, with moderate trading sentiment seen to prevail. However, Durgapur and Chennai sponge prices showed slight down INR 100/t. PDRI prices closed at INR 23,600-26,400/t, while CDRI stood at INR 26,300-31,000/t. Today, market participants engaged in need-based procurement because of the increase…