Tag: Sponge Market

Sponge iron market in Raipur was standstill from past few months at around INR 21,000-21,500/MT which has started to fall now. In East India (Durgapur), buying of semi finish is decent from nearby states (Ingot/Billet) as Sponge iron prices are stable. A manufacturer of Central India commented, “Out of total Sponge production, 60-70% Sponge iron…