SteelMint

Tag: Sponge Iron Prices

  • Have Sponge Iron Prices Bottomed Out in FY16?

    Have Sponge Iron Prices Bottomed Out in FY16?

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    by

    Aditi Raj
    in

    Domestic sponge iron prices dipped by 10% and iron ore lump & raw pellet by 18% in FY16 on Q-o-Q basis. Sponge iron prices dipped by 10% Q-o-Q in FY16 against previous quarter. Continuous steep decline in steel prices amid subdued demand and weak global sentiment has led to fall in sponge prices. The reason…