Author: Bhupesh Agrawal
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India: Sponge iron market strengthens amid firm raw material price
Healthy buyer participation keeps trade movement positive. Eastern markets witnessed major price increases recently Domestic sponge iron prices strengthened by around INR 100-800/t, supported by improved buying activity and healthy buyer participation. Raipur PDRI prices settled at INR 27,000/t exw-raipur, up by around INR 700/t. Strong enquiries and better trade movement have boosted seller confidence,…