Tag: Sponge Industry
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India: Semi Finish Market inched up over Cautious Buying
Closing of the month and good buying sentiment of Re-bar in Mandi Gobindgarh (North) have improved the sentiments by INR 300-400/MT in major markets. However, trader said that the sales volume remains stagnant as buyer are cautious in Mumbai, Raipur, Durgapur & Rourkela markets. Sponge prices remain under pressure with increasing Pellet availability and falling…