Category: Sponge Iron

Sponge iron prices dropped by INR 100-300/t d-o-d across locations amid selling pressure and weakening market sentiments. Procurement remained slow despite the price reduction. Buyers were wary because of market volatility, which led to slow material movement. PDRI prices were assessed at around INR 24,500-27,500/t at the close of trading today, while CDRI tags were…