Author: Romil Sethi
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India: Sponge iron prices rise on increasing steel prices, active demand – 16 May
Bulk bookings seen across key markets Billet prices rise by INR 100-600/t today India’s sponge iron market witnessed a rise in prices today ranging from INR 200-500/t in all principal locations. This can be attributed to rising steel prices followed by active spot trading coupled with buying interest. PDRI market prices closed at a range…