Author: Shikha Patle
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India: Sponge iron prices largely stable; weak demand caps market activity
Sellers hold prices firm despite weak demand Muted buying interest drags trade volumes lower Domestic sponge iron prices largely remained stable across most regions, with marginal corrections of INR 50-150/t observed in select markets amid subdued demand. In contrast, the key Raipur market witnessed a slight increase of INR 50/t to INR 24,150/t ex-works. Sellers…