Author: Rounak Gairarey
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Sponge iron prices track iron ore gains
Indian sponge iron prices increased by INR 200-1,100/t over the week on the back of higher iron ore/pellet prices and improved demand. Prices in east and central India have rallied by INR 600-1,100/t while in south India’s Bellary & Hyderabad regions it has slightly rise by INR 100-200/t. SteelMint’s assessment of 78-80 FeM coal-based sponge…