Author: Aditi Raj
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Indian Sponge Market in Recovery Mode, BMM Increases Offer
Sponge prices at pan India have risen by INR 300-700/MT. South Indian market has witnessed a major price hike of INR 700-750/MT because of limited sellers in local market and improved demand for billet from Pune (Maharashtra) and Hindupur (Andhra Pradesh). However, Rourkela based sponge market is quiet stable due to price corrections in Mandi…