Author: Sakshi Singh

Indian sponge iron prices declined by INR 50-200/tonne (t) across major locations today. Cautious buyer sentiment in an uncertain market environment contributed to the decline in sponge iron prices. PDRI prices closed within the range of INR 26,500-28,000/t, while CDRI prices settled at INR 28,300-33,900/t. In a bearish market and amid cautious buyer sentiment, purchasers refrained…