Author: Sakshi Singh
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India: Sponge iron prices decline by up to INR 200/t d-o-d amid modest buying – 30 May
Market uncertainties cause caution Buyers refrain from bulk bookings Indian sponge iron prices declined by INR 100-200/tonne (t) d-o-d across major locations today amid modest buying volumes. Sponge iron prices fell because buyers remained cautious in an uncertain market. Due to uncertainty in predicting market fluctuations, purchasers refrained from making significant commitments, resulting in moderate…