Author: Manish Vasdev
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Indian Sponge Manufacturers reduce Iron Ore Purchases on hope of Price Cut by Miners
Sponge iron manufacturers across India have reduced their Iron ore purchases on hope that domestic Iron ore prices will come down further. Iron ore prices in the domestic market have declined by upto INR 700/MT in the month of January after two miners received permission to extend their production to 15 MnT. With mining ordinance…