SteelMint

Tag: Sponge Iron Price Market

  • Prevalence of Low Demand Continue to Hit Indian Sponge Market

    Prevalence of Low Demand Continue to Hit Indian Sponge Market

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    by

    Aditi Raj
    in

    Secondary sponge makers this week continue to be under stress because of lull trading activities across major Indian markets. Sponge prices have dipped sharply by INR 500-750/MT W-o-W. Current 78-80 FeM C-DRI offers are assessed at INR 11,300/MT ex-Durgapur, INR 10,400/MT ex-Rourkela, INR 12,200/MT ex-Raipur and INR 12,100/MT ex-Bellary. In context to raw material, NMDC…