Author: Lalita
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India: Sponge iron prices rebound in July on active trade following rise in semis prices
Domestic sponge iron (PDRI and CDRI) prices in key markets across India showed some recovery in July after remaining volatile in the previous month. Prices moved higher by up to 10% m-o-m, as per SteelMint assessment. Interestingly, sentiments in the sponge iron market at the beginning of the month remained positive and hefty volumes were…