Author: Sakshi Singh

Sponge iron prices in India rose INR 200-750/tonne (t) d-o-d across key markets today, buoyed by supportive steel prices. PDRI market prices closed at INR 25,400-26,700/t and CDRI prices at INR 27,000-30,700/t. South African non-coking RB2 (5500 NAR) coal prices remained firm at INR 9,400/t exw-Gangavaram. The positive sentiment in the steel market motivated sponge…