With the apex court sledging yet another salvo at illegal mining by extending ban on mining activities in Tumkur and Chitradurga districts of Karnataka, sponge iron prices flared up on apprehension of shortage.
These regions produce 10 million tonnes to 12 million tonnes of iron ore annually. With the steel mills already gasping breath after the ban in Bellary this will compound the woes.
Sponge iron
| Location | Change |
| Kolkata | 200 |
| Raipur | 100 |
| Bellary | 100 |
| Raigarh | 100 |
| Rourkela | -100 |
| Bangalore | 91 |
Change is on Aug 26th as compared to 25th Aug 2011
In INR per tonne
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