Author: Sakshi Singh
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India: Sponge iron prices decline d-o-d on weak buying activity – 17 Apr
Trades remain slow despite price drop Market volatility makes buyers cautious Sponge iron prices dropped by INR 100-300/t d-o-d across locations amid selling pressure and weakening market sentiments. Procurement remained slow despite the price reduction. Buyers were wary because of market volatility, which led to slow material movement. PDRI prices were assessed at around INR…