Tag: Indian Sponge Iron Price Update

Domestic sponge market has registered price rise of INR 100-300/MT, following the price surge in billets by INR 400-800/MT D-o-D. Sharp hike in billet offers amid strong demand led to support Indian sponge market. Current offers for 78-80 FeM C-DRI are hovering in the range of INR 13,400-15,600/MT (US$ 195-230) ex-works. On weekly premises sponge…