Author: Sakshi Singh

Indian sponge iron prices declined by INR 50-400/tonne (t) across major locations today. Buyers remained cautious in an uncertain market environment, leading to a drop in sponge iron prices. PDRI prices closed within the range of INR 25,600-26,900/t, while CDRI settled at INR 27,200-31,000/t. The cautious sentiment in the bearish market resulted in modest transaction…