Author: Shikha Patle
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India: Sponge iron prices soften further amid cautious market sentiment
Sponge iron prices ease across regions Trade volumes fall significantly d-o-d Indian sponge iron prices declined by INR 50-200/t d-o-d across major regions on subdued demand and weak market sentiment. In the Raipur market, prices fell by INR 100/t to INR 24,100/t ex-works. Despite sellers lowering offer prices to improve enquiries and bookings, buying activity…