Author: Sakshi Singh
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India: Sponge iron market weakens on softening buying interest – 1 May
Indian sponge iron prices fell by INR 50-350/tonne (t) d-o-d today in major markets across the country. Prices declined as market participants remained cautious amid weakening steel prices and reduced inquiries. PDRI prices were assessed at INR 23,300-27,000/t, while CDRI prices were at INR 25,700-30,800/t. Despite a cautious market mood, total transaction volumes today remained…