Author: Shikha Patle
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India: Sponge Iron prices fall on lower demand
Price correction supports buying and trade volumes Market participation improves amid stable pellet prices Indian sponge iron prices declined by INR 50-500/t across key regions on 17 February, with Chennai witnessing the steep correction of around INR 500/t. Buying activity improved to a moderate level during the day, as the price decline encouraged greater buyer…