Tag: India: Sponge iron market gain INR 50–400/t amid softer trade volumes

Weak finished steel demand restricted sponge iron market recovery. Trade volumes softened as buyers limit bookings at higher prices. The Indian sponge iron market witnessed a slightly positive trend, with prices increasing by around INR 50-400/t across major regions, supported by buying activity seen in the previous trading session. This improved market sentiment to some…