Tag: Sponge Iron Prices

Domestic sponge iron market this week has witnessed slight improvement amidst improved domestic and global sentiments. Sponge prices across major Indian markets upticked by INR 300-700/MT W-o-W. However, manufacturers weren’t anticipating such an improvement in near-term looking at sluggish sales. SteelMint assessed that induction operators are currently buying raw material from hand to mouth, owing…