Author: Lalita
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India: Sponge prices fall 14% in Nov on falling raw material, substitutes prices
Sponge iron prices in India continued their downward trajectory in Nov’21. Prices across all the key markets dropped by up to 14% m-o-m last month. The continuous fall in sponge iron prices is attributed to falling raw material prices (iron ore, pellets and coal) along with lowering scrap prices in the month under review. SteelMint’s…