Author: Romil Sethi
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India: Sponge iron prices drop on weak spot demand – 3 Jul
Limited spot transactions reported today Imported coal prices remain stable Indian sponge iron prices dropped by INR 50-300/t in almost all major locations today. However, sponge PDRI prices in Durgapur and Ramgarh rose slightly by INR 100-200/t. Sponge iron prices fell due to the downtrend in the semi-finished and finished long steel segments which led…