Author: Shikha Patle
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India: Sponge iron market sees downward price trend amid weak buying interest
Sponge iron prices fall amid cautious market sentiment Limited enquiries keep buying activity subdued Indian sponge iron prices witnessed a down trend on 11 March. Prices fell by INR 100–750/t across regions. Buying activity remained low to moderate, with limited enquiries across markets. Amid continuous price corrections, buyers largely adopted a wait-and-watch stance, leading to…