Author: Sakshi Singh

Indian sponge iron prices declined by INR 50-900/tonne (t) across major locations today. Buyers remained cautious in an uncertain market environment, leading to a decline in sponge iron prices. PDRI prices were assessed at INR 24,800-27,500/t at close of trading in the key markets, while CDRI settled at INR 27,300-32,000/t. Cautious sentiments in a bearish…