Author: Shikha Patle
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India: Sponge iron market weakens as buyers stay on sidelines
Cautious buying keeps market activity subdued Slow bookings result in lower trade volumes Domestic sponge iron prices declined by INR 100-300/t d-o-d as on 8 June across key regions on weak buying interest. In the benchmark Raipur market, prices slipped by INR 100/t to INR 24,300/t ex-works. Market activity remained sluggish, with only a limited…