Taking cue from the downtrend in scrap prices, sponge iron prices turned weak during the week ended July 2, market sources said.
Prices were down by Rs 100-300 per ton in Durgapur, Jaipur and Raipur.
Prices were, however, up by Rs 50 per ton in Raigarh.
Prices of sponge iron in various markets during the past six months (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 |
2-Jul-16 |
1-Jul-16 |
25-Jun-16 |
3-Jun-16 |
4-Jan-16 |
|
MANDI GOVINDGARH |
14,800 |
14,800 |
14,800 |
14,450 |
16,700 |
DURGAPUR |
11,200 |
11,200 |
11,500 |
11,300 |
13,500 |
JAIPUR |
13,900 |
13,900 |
14,000 |
13,700 |
12,400 |
RAIGARH |
11,250 |
11,250 |
11,200 |
11,200 |
13,500 |
RAIPUR |
12,000 |
12,000 |
12,200 |
12,300 |
14,300 |
ROURKELA |
10,600 |
10,600 |
10,600 |
10,600 |
12,600 |
Source: Compilation from various sources & ISMW data