Author: Bhupesh Agrawal
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India: Sponge iron prices strengthen, trade volume rise
Sponge iron prices rose by INR 50-400/t across key regions. Higher sponge iron prices supported a rise in finished steel prices Domestic sponge iron prices strengthened on August 17, with prices increasing by around INR 50-400/t across key regions. The rise was mainly supported by positive market sentiment, increased buyer interest in raw materials and…