Author: Prashasti Giri
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India: Sponge iron prices rise INR 50-400/t d-o-d following decent buying – 3 Dec
Higher offers deter buyers, limited trades seen Weak semis, finished steel curb sponge demand India’s sponge iron offers increased marginally by INR 50-400/tonne (t) d-o-d. This rise follows decent buying activity seen during yesterday’s trading session. However, procurement remained comparatively slow today, as higher spot offers deterred immediate purchases. Moreover, limited movements in the semi-finished…