Author: Romil Sethi
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India: Sponge iron prices rise further, trades remain moderate – 1 May
Varying sentiments in the semi-finished segment Buying slows down on higher offers Sponge iron prices in India continued to increase due to varying sentiments in the semi-finished segment, prices rose by INR 150-600/t today in major regions. However, spot trade volumes were moderate as buyers were resisting to book material at such high offers. PDRI…