Author: Shikha Patle
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India: Sponge Iron prices rise despite weak buying
Firm prices despite soft buying Supply tightness keeps market supported Sponge iron prices increased by INR 100-600/t, mainly in the central and southern regions, while the eastern market witnessed a mild correction of around INR 100/t. Buying activity remained slow during the day as rising prices faced weak acceptance in the market, with participants reluctant…