Category: Sponge Iron

  • India: Sponge iron prices extend decline on weak demand

    India: Sponge iron prices extend decline on weak demand

    Sponge iron prices fall up to INR 1,500/t w-o-w Weak demand, limited buying keep trade activity subdued Domestic sponge iron prices continued their downtrend this week, falling by INR 100-500/t d-o-d and INR 500-1,500/t w-o-w. The eastern region saw the sharpest correction, with prices dropping around INR 1,500/t w-o-w. Dull demand and limited buying enquiries…