Tag: Semi Finish
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India: Declining Iron Ore & Scrap Prices pressurize Sponge Offers
Previously, the Indian Sponge manufacturers were anticipating that prices will find some stability after declining by INR 800 /MT W-o-W and INR 1,500/MT M-o-M. But at present, the buyers are expecting further price correction because of weak imported Scrap offers and slipping Iron ore prices. In current scenario, Odisha government has mounted pressure on merchant…