Tag: Sponge Iron Prices

Indian sponge iron is currently trading at INR 15,000-17,500/MT after correcting by INR 300-800/MT in last one week. Furnace operators are may reluctantly correct offers further from current levels. Indian sponge makers are reluctant to cut offers. However, owing to NMDC’s ore shortage and deferred delivery of previous orders, they might have to take that…