Author: Sristi Kumari
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India: Sponge iron prices decline in key markets, despite improved market participation
Buying improves; trade volumes increase Finished steel demand stays need-based Sponge iron prices largely remained stable or declined by INR 100-200/t across most regions as on 9th June. In the key Raipur market, sponge iron prices decreased by INR 100/t to INR 24,200/t ex-works. Market participation showed signs of improvement today, with buying activity picking…