Notwithstanding a decline in scrap prices, sponge iron prices witnessed an upward trend during the week ended July 30, market sources said.
Prices were up by Rs 50-300 per ton in Mandi Govindgarh, Durgapur, Jaipur, Raigarh and Raipur.
However, prices were down by Rs 100 per ton in Rourkela.
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 |
30-Jul-16 |
29-Jul-16 |
23-Jul-16 |
30-Jun-16 |
1-Feb-16 |
|
MANDI GOVINDGARH |
14,400 |
14,400 |
14,200 |
14,800 |
14,500 |
DURGAPUR |
11,950 |
11,800 |
11,900 |
11,200 |
11,050 |
JAIPUR |
14,300 |
14,200 |
14,000 |
13,900 |
13,900 |
RAIGARH |
11,700 |
11,700 |
11,600 |
11,250 |
11,000 |
RAIPUR |
12,500 |
12,500 |
12,400 |
12,000 |
11,450 |
ROURKELA |
11,000 |
10,900 |
11,100 |
10,600 |
10,250 |
Source: Compilation from various sources & ISMW data