Author: Shikha Patle
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India: Sponge iron prices unchanged; need-based buying persists amid weak demand
Sellers hold prices firm despite weak demand Weak downstream demand keeps market subdued Domestic sponge iron prices remained largely stable across most regions on the day, with marginal gains of INR 100/t recorded in the Jharsuguda and Hyderabad markets. In the key Raipur market, prices held steady at INR 24,050/t ex-works. Despite subdued buying interest,…