Sponge iron prices suffered losses during the week ended April 9, in line with a decline in scrap prices.
Market sentiment was down as hopes that the government may come out with a financial package for the steel sector virtually waned.
Prices were down by Rs 100-700 per ton in various markets.
Sources said the market may take a cue from the volatility 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 |
9-Apr-16 |
8-Apr-16 |
2-Apr-16 |
12-Oct-15 |
10-Apr-15 |
|
MANDI GOVINDGARH |
15,200 |
15,300 |
15,700 |
17,000 |
22,300 |
DURGAPUR |
12,000 |
12,000 |
12,500 |
14,000 |
18,200 |
JAIPUR |
15,000 |
15,000 |
15,700 |
- |
- |
RAIGARH |
- |
- |
- |
14,000 |
18,200 |
RAIPUR |
13,200 |
13,050 |
13,400 |
14,700 |
18,000 |
ROURKELA |
11,250 |
11,300 |
11,700 |
12,700 |
17,200 |
Source: Compilation from various sources & ISMW data