Author: Bhupesh Agrawal
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India: Sponge iron prices rise amid improved sentiment
Cautious buying persists amid higher offers Finished steel prices increased by INR 300-500/t India’s sponge iron market recorded modest price gains of between INR 100-400/t across most major regions on 26 Nov, extending the upward trend seen earlier in the week. Sellers increased their offers in line with the recovery in semi-finished steel prices, although…