Author: Sakshi Singh
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India: Sponge iron prices decline on weak buying activity – 20 Dec
Sponge iron prices witnessed a steady decline today, dropping by INR 100-300/t across locations amid selling pressure and weakening market sentiments. While, Hyderabad, Rourkela and Chennai sponge prices showed uptrend INR 50-500/t. Due to the market’s instability and declining prices of material, purchasers remained cautious, which resulted in slow buying activity despite this considerable price…