Author: Sakshi Singh

Indian sponge iron prices dropped by INR 50-400/t d-o-d across markets today. Sponge prices declined amid lack of demand in the downstream market. Buyers waited for further correction in the market and were hesitant to procure material. PDRI prices were assessed at around INR 24,300-27,200/t at close of trading today while CDRI prices stood at…