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Daily Update: Indian Sponge & Billet Market
Indian domestic Sponge & Billet prices remain on downtrend over low inquiries. The prices have registered fall of – billet by INR 100-700/MT (upto USD 11) & Sponge by INR 200-400/MT day on day. The market participants mentioned that, as inquiries are limited the producers are forced to reduce prices in line to fetch deals.…