Author: Sakshi Singh

Indian sponge iron prices declined by INR 50-150/tonne (t) d-o-d across markets today, except in the Raipur region, where prices increased by INR 50-100/t. The drop in sponge iron prices was driven by weak demand in the downstream market, as purchasers were hesitant to buy material and preferred to wait for further market corrections. PDRI…