Author: Bhupesh Agrawal

Liquidity constraints limit trade activity Finished steel demand remains subdued Sponge iron prices across India slipped by INR 50-200/tonne (t) d-o-d on 21 November. Market sentiment was weak amid subdued finished steel demand, which, in turn, limited sponge iron procurement. Buyers mostly maintained a wait-and-watch approach, expecting further price corrections and clarity on trends before…