Indian sponge iron hits two-year high on higher coal costs
India's benchmark sponge iron prices rose to a two-year high in August, with imported coal prices and tight domestic fuel supplies lifting production costs, traders and analysts said.
India’s benchmark sponge iron prices climbed to a two-year high in August as higher imported coal prices and tight domestic fuel supplies lifted production costs, traders and analysts said. India, the world’s biggest producer of sponge iron, has about 336 pla…