Author: Rounak Gairarey
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Indian Sponge Iron Prices Surge on Seasonal Supply Crunch
In a week’s duration sponge prices in all major markets increased by INR 800-1,500/MT (USD 11-22) and the major rise of INR 1,500/MT was seen in Central India- Raipur. Last week SteelMint had reported that Indian Sponge iron prices seems to remain supported, and prices are likely to increase over better demand amid reduced supply.…