Category: Sponge Iron
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India: Sponge iron market momentum weakens despite price rise
Prices edge up but enquiries remain limited Volumes drop as prior buying dampens activity Domestic sponge iron prices increased by INR 100-400/t d-o-d across regions on 22 April. However, select markets such as Ramgarh and Chennai witnessed a decline of INR 50-100/t, diverging from the broader uptrend. Buying activity remained low to moderate, as buyers…