Author: Sakshi Singh
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India: Sponge iron prices rise on moderate trading – 31 Dec
Sponge iron prices in India rose INR 100-200/tonne (t) across markets today. PDRI prices closed at INR 23,700-26,300/t, while CDRI was at INR 26,250-31,000/t. On Tuesday, sponge prices increased. However, buyers choose to make need-based purchases as a result of the ongoing increases in prices and past bookings. Today, transaction volumes remained average. Rationale Prices…