Author: Sakshi Singh
-
India: Sponge iron prices rise on moderate trading activity – 20 May
Sponge iron prices in India rose INR 50-300/tonne (t) d-o-d across markets today amid moderate transaction activities. PDRI prices closed at INR 23,100-26,400/t, while CDRI was assessed at INR 25,200-30,400/t. Today, market participants conducted need-based procurement because of the increase in prices and bookings yesterday. Consequently, average transactions were recorded throughout the day. Transactions of…