Sponge iron prices staged a rebound in the week ended April 16, in line with a recovery in scrap prices.
Prices were up in the range of Rs 200-300 per ton in Mandi Govindgarh, Durgapur, Jaipur and Rourkela. However, prices were down by Rs 200 per ton in Raipur.
Sources said the market is taking a cue from firm trends in scrap prices.
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 |
16-Apr-16 |
15-Apr-16 |
9-Apr-16 |
17-Mar-16 |
19-Oct-15 |
|
MANDI GOVINDGARH |
15,500 |
15,500 |
15,200 |
15,800 |
16,600 |
DURGAPUR |
12,050 |
12,300 |
12,000 |
11,900 |
13,800 |
JAIPUR |
15,200 |
15,200 |
15,000 |
14,700 |
- |
RAIGARH |
12,000 |
- |
- |
12,050 |
13,600 |
RAIPUR |
13,000 |
13,050 |
13,200 |
12,950 |
14,300 |
ROURKELA |
11,500 |
11,700 |
11,250 |
11,200 |
12,800 |
Source: Compilation from various sources & ISMW data