Category: Sponge Iron
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India: Sponge iron prices drop further on limited buying – 24 Oct
Buyers avoid bulk bookings, expecting further price corrections South sees steeper price drop amid influx of cheap eastern material Sponge iron prices across India continued to weaken on 24 October, amid muted demand and subdued trading activity. Prices declined by INR 50-300/t d-o-d, with the sharpest corrections observed in the southern region, particularly Bellary and Hyderabad,…