Tag: Indian Sponge Iron Prices

India: Sponge Iron Prices Firm in Central India; Other Market remain Bullish

Jan 16, 2014

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by

Manish Vasdev

in Uncategorized

In central India, Sponge prices are standstill from last one month, at around INR 20,000-20,500/MT. But, East India improved buying sentiments as prices raised by INR 1,300/MT; South market up by INR 700/MT. Reason behind Price stability in Central India : Stagnant production of MS Ingot/Billet has pressured Sponge prices Increased availability of Iron ore and…