Tag: Sponge Iron Prices

Indian sponge iron prices remained under pressure owing to production cut by induction furnaces in major markets. Furnaces have cut down their production on low demand and power cuts. Current C-DRI prices are assessed at INR 16,500/MT (Ex-Raipur, 80 FeM), INR 16,000/MT (Ex- Durgapur, 78 FeM) and INR 15,000/MT (Ex-Bellary, 78 FeM). Key Highlights 1.…