Author: Sakshi Singh

Indian sponge iron prices declined by INR 50-500/tonne (t) across major locations today. Buyers remained cautious in an uncertain market environment, which led to a drop in sponge iron prices. PDRI prices closed in the range of INR 24,400-26,700/t, while CDRI settled at INR 26,500-31,500/t. Buyers seemed unsure of market movements which resulted in modest…