Tag: 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…