Category: Sponge Iron
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India: Sponge iron prices under pressure as market participation slows
Sponge iron prices largely stable amid weak demand Trade volumes decline sharply on subdued buying activity Sponge iron prices largely remained stable across regions on 21 May, with slight decrease of INR 50-150/t observed in the central and eastern markets. In the key Raipur market, prices declined by INR 50/t to INR 25,950/t ex-works. Weak…