Category: Sponge Iron
-
India: Sponge iron prices slip on weak demand, trade volumes soften
Weak finished steel demand weighs on market sentiment Limited buyer participation keeps the market muted Domestic sponge iron market declined by around INR 100-700/t across regions, with the sharpest drop of Rs 700/t seen in Durgapur. The fall was mainly driven by weak finished steel demand and limited acceptance of prices at higher levels. BigMint’s…