Author: Nidhi Awasthi
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India: Low-grade iron ore prices in Karnataka remain subdued on weak sponge iron demand
Auction participation remains weak Buyers remain highly selective Karnataka’s iron ore market remained largely subdued during the week, with limited trading activity and no significant price movement across major grades. Market sentiment continued to be weighed down by sluggish demand from the sponge iron segment and persistent weakness in the finished steel market, restricting any…