Tag: Sponge
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Falling Imported Scrap Prices likely to hit Indian Sponge Iron Offers
Indian market may witness decline in Sponge iron price on the backdrop of falling imported Scrap price. The steep fall in imported Scrap offers has led to correction in domestic Scrap and Sponge prices. Imported Scrap offers have declined to around USD 25-30/MT in last few weeks. Falling Iron ore and coal prices in the…