Author: Sakshi Singh

Indian sponge iron prices dropped by INR 100-500/tonne (t) in almost all major locations today. Sponge iron prices declined due to a downtrend in semi-finished and finished steel, resulting in low demand and limited trading throughout the day. PDRI prices closed at INR 23,400-26,600/t while CDRI was assessed at INR 26,000-30,000/t. South African RB2 (5500…