Author: Sakshi Singh
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India: Sponge iron prices show volatility d-o-d – 16 May
Trade muted, buyers satisfied with previous bookings Buyers resist rising offers, expect further price declines Indian sponge iron prices showed mixed trends d-o-d, decreasing in Bellary by INR 100-150/t while increasing by INR 100/t in other locations. Purchase activity was low, as buyers were satisfied with previous bookings. They also showed reluctance to rising prices,…