India’s sponge iron hits two-year high amid rising coal costs

AI Summary

India’s domestic sponge iron market has reached a two-year high, driven by rising thermal coal prices, improving buying interest, and restocking. Higher input costs are a key factor contributing to this price increase as of mid-September.

India’s domestic sponge iron market has reached its highest level in two years, with prices continuing to rise to mid-September. The recent increase has been driven mainly by higher input costs, particularly thermal coal, while improving buying interest and some restocking have also supported the move. India’s domestic sponge iron market has reached its highest ...