Author: Bhupesh Agrawal
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India: Sponge iron prices strengthen despite cautious demand
Sponge iron availability in eastern region remains limited Buyers cautious, need-based deals continuing at higher levels Domestic sponge iron prices witnessed an upward movement of around INR 100-500/t across regions. BigMint’s Raipur PDRI assessment settled at around INR 25,700/t exw-Raipur, up INR 200/t. The rise was mainly driven by positive market sentiment, higher raw material…