Category: Sponge Iron
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India: Sponge iron prices ease as buying interest stays weak
Buyers wait for further price corrections Weak finished steel demand weighs on prices Indian sponge iron prices declined by INR 100-400/tonne (t) d-o-d across regions on 12 May. In the benchmark Raipur market, prices remained largely steady at INR 25,400/t ex-works. However, overall trading activity was subdued amid weak participation. Market sentiment stayed cautious, with…