Author: Prashasti Giri
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India: Sponge iron prices extend downtrend as weak demand prevails – 14 Aug 2025
Limited buying seen as market confidence wilts Spot offers drop on soft demand The Indian sponge iron market remained under pressure on 14 August 2025, with spot prices declining by INR 50-150/t d-o-d across major regions, especially in the central-eastern belt. An exception was Bellary, where prices saw a marginal uptick due to market uncertainty,…