Category: Sponge Iron
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India: Sponge iron market remains firm amid cautious buying at higher levels
Finished steel prices rise by INR 100-1,000/t, supporting market sentiment Buyers remain cautious at higher price levels, continue with need-based procurement Domestic sponge iron prices rose by around INR 100-300/t across regions, supported by firm finished steel prices and elevated raw material costs. In Raipur, PDRI prices settled at around INR 29,300/t, remaining stable day-on-day.…