Author: Lalita
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India: Sponge iron prices slump amid volatile steel market sentiments
Indian sponge iron (PDRI and CDRI) prices saw a sharp decline m-o-m across key markets in April, 2022. Prices were on a downtrend since the beginning of the month but picked up slightly towards mid-April. In late-April, prices again started falling owing to volatility in coal prices. Prices across markets Raipur: Pellet-based sponge iron (PDRI)…