Sponge Iron prices remain at same levels as last trades.
Trading prices at Raipur and Raigarh have come down to Rs 23,500/MT (Basic, next day) and Rs 23,000/MT (Basic, next day) respectively.
“Sponge Iron trading prices might not fall as raw materials prices are high and availability is less. Buying is weak due to sluggish demand of finished products,” remarked sources.
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