Author: Romil Sethi
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India: Sponge iron prices under pressure as steel prices soften – 20 Feb
Sponge iron prices in India fell by INR 150-650/tonne (t) in key locations today. Prices fell further as spot trades remained limited due to the continuous decline in steel prices in north India, particularly Punjab. This catapulted into a downward pressure on prices in various regions. As a result, slight selling pressure was observed among…