Author: Sakshi Singh
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India: Sponge iron prices drop on weak buying appetite – 4 Feb
Indian sponge iron prices dropped by INR 50-300/t today in all major locations. Sponge iron prices declined due to decrease in prices of semi-finished and finished steel owing to limited demand in the market today. PDRI prices closed in the range of INR 24,300-26,000/t and CDRI prices at INR 25,700-30,200/t. The modest level of daily…