Author: Bhupesh Agrawal
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India: Sponge iron prices lose momentum as trade sentiment weakens
Buyers avoid bulk bookings expecting further correction Pellet prices remain unchanged d-o-d in Raipur Sponge iron prices across regional markets in India continued to lose momentum on 18 November, registering a decline of INR 100-200/t d-o-d. The overall market tone remained weak as trading interest was limited and demand stayed subdued. The only exception was…