Author: Bhupesh Agrawal
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India: Sponge iron prices inch up; market sentiment softens on low trades
Market sentiment stays mildly positive, caution prevails Finished steel prices increased by INR 100-600/t India’s sponge iron market recorded modest price increases of between INR 100-400/t across most major regions on 27 November, while Rourkela CDRI prices fell by INR 100/t, as buyers turned cautious in response to higher offers being quoted by sellers. Sellers…