Author: Nidhi Awasthi
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India: Low-grade iron ore prices in Karnataka remain unchanged w-o-w amid weak demand
Miners remain cautious about auction participation Karnataka’s iron ore market awaits demand revival Karnataka’s iron ore market continued to remain under pressure this week, with subdued buying activity and a widening demand-supply imbalance in the low-grade segment. Weak downstream steel fundamentals, poor sponge iron economics, and cautious procurement by buyers kept overall market sentiment muted.…