Author: Prashasti Giri
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India: Sponge iron prices rise INR 50-250/t amid slow buying – 1 Jan
Low-to-moderate buying seen at varying offers Weak demand for finished steel persists India’s sponge iron offers decreased by INR 50-250/t (d-o-d) across regions due to market volatility and the holiday mode kept buying activity largely subdued. Despite this, some regions experienced minor buying activity driven by varying local market sentiments. The slow demand in the…