Author: Rounak Gairarey
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South India: Sponge iron prices up INR 200/t in fresh deals
SteelMint’s price assessment for sponge iron in the Bellary market in Karnataka trended up by INR 200/t on 21 Jul’21 following fresh deals. Active demand as well as rising billet prices, not to forget high raw material costs, contributed to the spurt in sponge iron prices. Incidentally, offers at similar price levels were last recorded…