Author: Shikha Patle
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India: Sponge iron prices fall further as demand remains muted
Traded volumes decline d-o-d Weak steel demand weighs on prices Domestic sponge iron prices declined by INR 100-600/t d-o-d across major amid weak demand conditions. In the key Raipur market, prices declined by INR 400/t at INR 24,650/t ex-works. In an effort to attract buyers and improve bookings, sellers lowered offer prices further; however, enquiry…