Author: Sakshi Singh
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India: Sponge iron prices decline d-o-d on cautious buying – 27 Oct
Sponge iron prices witnessed a steady decline today, dropping by INR 100-500/tonne (t) across locations amid selling pressure and weakening market sentiments. Due to the dull demand for semi-finished and finished materials, purchasers remained cautious, which resulted in modest buying activity despite this large price reduction. However, trade volumes increased in central India due to…