Author: Sakshi Singh

Indian sponge iron prices declined by INR 100-400/tonne (t) across major locations today. PDRI prices closed within the range of INR 26,800-28,400/t, while CDRI settled at INR 28,650-33,500/t. In an unstable market, buyers continued to exercise caution, which caused sponge iron prices to decline. Buyers abstained from making significant commitments, which led to zero buying…