Tag: Pellet Sponge

Indian Sponge Iron Prices Stable on Low Availability of Iron Ore

Aug 8, 2014

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by

Manish Vasdev

in Uncategorized

Sponge iron prices remain unchanged at INR 19,500-22,000/MT (USD 320-360/MT) ex-works. Sponge iron manufacturers hold on offers amid short supply of Iron ore in the market. Despite falling Billet & Ingot prices, Sponge iron offers have not corrected to a great extent. Expensive Coal prices in the domestic market is the another reason for stability…