Author: Sakshi Singh
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India: Sponge iron prices fall by up to INR 400/t ($5/t) d-o-d – 2 Dec
Indian sponge iron prices declined by INR 100-400/tonne (t) across major markets on 2 December, 2024. Today, prices showed a downtrend despite increased transaction volumes, as buyers procured material only after prices had bottomed out. However, buying activity failed to lift sponge iron prices because of overall dull sentiments. PDRI prices closed at INR 22,900-26,200/tonne…