Category: Sponge Iron
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India: Sponge iron prices slip as weak demand dampens market sentiment
Weak domestic steel demand keeps pressure on prices Buyers expect further corrections, trade volumes drop The domestic sponge iron market showed a downward trend today, with prices falling by around INR 100-1,200/t day-on-day. The decline reflects bearish sentiment and poor buying participation across regions, with the eastern market recording the steepest fall. BigMint’s benchmark Raipur…