Category: Sponge Iron
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India: Muted demand weighs on sponge iron prices across key markets on 12 Feb
Daily trade volumes declined Bookings remained limited despite lower offers Sponge iron prices across India declined by between INR 100-450 per tonne day-on-day on 12 February, as weak market sentiment persisted amid subdued demand for finished steel. The soft demand environment continued to weigh on sponge iron procurement, keeping overall trading activity muted. Sellers attempted…