Author: Sakshi Singh
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India: Sponge iron prices drop further d-o-d – 26 Nov
The Indian sponge iron market showed a downtrend, with prices increasing only in Raipur by INR 100/t but dropping by INR 100-300/t in other locations. Due to prior bookings and the market’s stability, purchasers were cautious and expected the price to drop further, therefore buying activity stayed low. PDRI prices were assessed at INR 23,500-26,300/t…