Category: Pig Iron

  • India: Market momentum strengthens despite price correction

    India: Market momentum strengthens despite price correction

    Trade volumes surged by around 77% amid improving sentiment Improved sentiment boosted seller confidence and market activity Domestic sponge iron prices declined by INR 100-200/t day-on-day across major regions due to sluggish market movement and weak downstream demand. Limited buying interest from steelmakers and re-rollers continued to weigh on market sentiment, prompting several sellers to…