Tag: India: Price correction supports marginal recovery in sponge iron trades

Raipur sponge prices fall INR 300/t; trade activity improves Pellet prices remain at INR 9,100-9,200/t ex-Raipur Sponge iron prices across India fell by INR 50-300/t d-o-d on 7 July, reflecting continued pressure from sluggish demand and subdued market sentiment. Limited buying interest forced sellers to lower offer prices to secure transactions, with the majority of…