Category: Sponge Iron

Bid-Offer disparity in market Market sentiment weak amid limited demand Sponge iron prices across India declined by INR 50-350/tonne (t) day-on-day (d-o-d) on 9 December. Market sentiment remained weak due to subdued finished steel demand, which continued to restrict sponge iron buying. Buyers largely preferred a wait-and-watch approach, anticipating further price falls before making sizeable…