After remaining firm in the initial days of the previous week, prices of sponge iron moved zig-zag on January 16 wherein they remained largely weak as compared to January 15 levels.
A firmness was witnessed in Mandi Govindgarh, but a weak trend was witnessed in the Durgapur and Raigarh markets on ample availability, trade sources said.
Following table gives indicative prices of sponge iron in various markets during the past seven days:
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
16-Jan-16 |
15-Jan-16 |
9-Jan-16 |
|
MANDI GOVINDGARH |
15,600 |
15,000 |
- |
DURGAPUR |
12,000 |
12,500 |
- |
JAIPUR |
15,200 |
Close |
- |
RAIGARH |
11,900 |
11,700 |
- |
RAIPUR |
13,050 |
- |
- |
ROURKELA |
11,650 |
- |
- |
Source: Compilation from various sources & ISMW data