Category: Uncategorized
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South India: Sponge Iron Offers Slump by INR 800-1,200/MT (USD 12 -18) in a Week
In Karnataka, South India, sponge prices have declined by INR 800-1,200/MT (USD 12-18) in a week, limited inquiries resulting continues price fall in the market. According to state based producers, sponge iron inquiries are minimal over sharp fall in billet prices on poor demand for long steel products. This has forced producers to reduce prices in line to…