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India: Sponge iron prices drop by up to INR 550/t on soft steel demand

Source: Steelmint Apr 11, 2024 13:00
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Reduced Iron Global Price
Billet prices fall by INR 50-500/t. Spot trade volumes increase d-o-d.
Sponge iron prices in all key domestic markets dropped in the range of INR 50-550/tonne (t) on 10 April, 2024 due to soft steel demand.   PDRI market prices closed at a range of INR 26,750-28,700/t and CDRI prices, at INR 27,750-33,000/t.   South African RB2 prices remained stable today. Non-coking coal grade

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