Sponge Offers in South India Fall Sharply

Sponge manufacturers in south India have cut the prices by INR 600-800/MT D-o-D.Lull demand and increasing inventory levels have forced manufacturers to deal at lower prices. Current offers for 80 FeM P-DRI in bellary is INR 13,000/MT and for C-DRI…

Indian Rebar Prices Fall upto INR 1,400/MT W-o-W

Indian rebar manufacturers has reduced offers further by INR 500-1,400/MT W-o-W.Major price correction seen in Central, West & South India by upto INR 800-1,400/MT whereas in East India prices fall marginally by INR 400/MT in the same duration. At present,…

Indian Sponge Offers Slip by Up to INR 300/MT D-o-D

Domestic sponge market has registered a price correction of INR 50-300/MT against 13th Oct’16’s trade. Falling billet prices amid weak demand has resulted in correction of sponge iron prices. Currently, 78-80 FeM C-DRI offers are hovering in the range of…

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