Author: Romil Sethi
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India: Sponge iron prices drop on weak demand – 7 Feb
Indian sponge iron prices fell by INR 200-600/t in some key locations. Meanwhile, prices in Bellary inched up by INR 50/t. Prices continued to fall in the northern and eastern regions of the country as spot trading remained limited. Suppliers faced selling pressure resulting in the continuous reduction in both offers and bids. Uncertain price…