Author: Sakshi Singh

Indian sponge iron prices declined by INR 50-100/tonne (t) across major locations today. However, Durgapur, Ramgarh and Jharsuguda showed an uptrend in the range of 50-200/t. PDRI prices closed within the range of INR 23,200-26,200/t, while CDRI settled at INR 25,750-30,800/t. Buyer caution persisted in an unstable market, which led to a drop in sponge…