Tag: eastern India steel market
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India: Sponge iron market softens on weak finished steel demand
Sponge iron prices decline by INR 50-300/t Trade volumes drop sharply on sluggish buying India’s domestic sponge iron market remained under pressure on 6 July, with prices continuing to decline amid sluggish demand and weak market sentiment. Sponge iron prices fell by INR 50-300/t d-o-d across most regions. The correction was primarily driven by sluggish…