Author: Rounak Gairarey
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South India: Sponge iron prices fall by INR 400/t in Bellary
Sponge iron prices in Karnataka’s Bellary declined by INR 300-400/t today and up to INR 700/t ($10) over the course of a week, as per SteelMint reports. Low demand and falling billet prices weighed on sponge iron prices. Further, market sources shared that prices are likely to remain under pressure as offtake of sponge iron…