Author: Sakshi Singh
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India: Sponge iron prices decline d-o-d – 27 May
Increased inventory pressure prompts price cuts Transaction volume rises d-o-d amid price drop Sponge iron prices in India decreased by INR 50-300/tonne (t) d-o-d across regions today due to subdued market sentiment. Lacklustre demand in the recent past had led to a build-up of stocks, and the resulting inventory pressure prompted price reductions today. Following…