Author: Romil Sethi
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India: Sponge iron markets witness uncertain price movements, limited trades – 7 Jan
Sponge iron prices fell by INR 50-300/t in Rourkela and Bellary, while prices in Raipur, Durgapur and Ramgarh witnessed an uptick of INR 100-350/t today. The decline in sponge iron prices can be attributed to several factors. One reason was uncertain price movements followed by limited trades, as buyers took a cautious approach and engaged…