Author: Romil Sethi
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India: Pressure on sponge iron prices as steel prices soften – 24 Jan
Sponge iron prices in India fell by INR 100-300/t in key locations today. Prices continued to fall as spot trades remained limited due to the constant decline in steel prices in north India, particularly Punjab. This resulted in downward pressure on prices in different regions. As a result, slight selling pressure was observed among suppliers,…