Sponge iron prices edged lower on January 6 maintaining the year-long trend, market sources said.
Buyers are difficult to find in anticipation of further dip in prices despite production being on the lower side, they said.
Following table gives indicative prices of sponge iron in various markets:
Name of Place |
Price Rs/ton 6.6.16 |
Price Rs/ton 5.6.16 |
Mandi Govindgarh |
16000 |
16300 |
Durgapur |
13000 |
13250 |
Jaipur |
15800 |
16000 |
Raigarh |
12750 |
13000 |
Raipur |
13950 |
14200 |
Rourkela |
12250 |
12300 |
Source: Traders