Author: Bhupesh Agrawal
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India: Weak downstream steel demand weighs on sponge iron prices; trading stays subdued
Sponge iron prices decline INR 50-100/t amid weak buying interest Need-based procurement continues as downstream demand remains sluggish The Indian sponge iron market remained under pressure today, with prices declining by INR 50-100/t across all major regions due to weak buying interest. In Raipur, sponge iron prices were assessed at around INR 23,700/t, down by…