Author: Sakshi Singh

Indian sponge iron prices dropped by INR 150-300/tonne (t) today in all major locations. Sponge iron prices fell due to the downtrend in semi-finished and finished long steel which led to weak demand throughout the day. PDRI market prices closed at a range of INR 24,400-26,900/t and CDRI prices, at INR 26,250-30,500/t. South African RB2…