Tag: Industry update

Key Highlights Sponge iron prices fall by INR 100-300/MT W-o-W on the backdrop of production cut by induction furnaces Falling imported Scrap prices further build pressure on Indian Sponge market Imported Scrap prices corrected by USD 10/MT W-o-W. Current offers from Europe at USD 315-320/MT for HMS 1&2 and USD 330-335/MT for Shredded CIF Nhava…