Author: Nidhi Awasthi
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India: Iron ore fines prices in Karnataka fall w-o-w amid amid weak demand; NMDC auction in focus
Muted buying interest keeps Karnataka iron ore market subdued Rising inventories continue to pressure sponge iron prices The Karnataka raw material market continued to witness a bearish trend during the week, primarily driven by subdued demand across the steel value chain. Persistent weakness in sponge iron and finished steel segments weighed heavily on overall market…