Despite firm trends in scrap rates, prices of sponge iron in the Indian markets fell during the week ended February 27.
Sponge iron prices were down by Rs 50-500 per ton in major markets for which data were immediately available.
Uncertain market sentiments impacted price offers, sources said.
Prices of sponge iron in various markets during the past one year (Rs/ton)
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
27-Feb-16 |
26-Feb-16 |
20-Feb-16 |
27-Jan-16 |
31-Aug-15 |
|
MANDI GOVINDGARH |
16,000 |
- |
16,400 |
15,000 |
18,400 |
DURGAPUR |
13,100 |
- |
13,150 |
11,450 |
15,700 |
JAIPUR |
15,500 |
- |
16,000 |
15,000 |
- |
RAIGARH |
12,400 |
- |
12,700 |
11,300 |
15,600 |
RAIPUR |
13,300 |
- |
13,600 |
12,200 |
16,500 |
ROURKELA |
11,850 |
- |
11,800 |
10,550 |
14,400 |
Source: Traders