Author: Shikha Patle
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India: Sponge iron market witnesses sharp slowdown in trading activity
Weak demand keeps sponge iron market subdued Trade volumes drop sharply on d-o-d India’s sponge iron prices declined by INR 50-250/t d-o-d across major regions on 4 June amid weak demand and subdued market sentiment. In the key Raipur market, prices fell by INR 200/t to INR 24,450/t ex-works. Trading activity remained sluggish, with buyers…