Author: Prashasti Giri
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India: Sponge iron prices increase by INR 150-500/t d-o-d amid geopolitical developments – 12 May
Buying activity muted at elevated offers Transaction volumes see slight drop India’s sponge iron market witnessed a notable price increase of INR 150-500/tonne (t) across major regions today, driven by renewed optimism following the government’s announcement on Saturday regarding ongoing tensions with a neighbouring country. Despite the surge, buying interest remained subdued at elevated offer…