- Cautious buying due to elevated offers d-o-d
- Semis and finished steel enquiries slow down
The Indian sponge iron market displayed mixed price movements on 19 September 2025, with prices increasing by INR 100-150/t in Raipur, Ramgarh, and Jharsuguda on the back of stable supply and moderate buying support.
In contrast, in Durgapur prices slipped by INR 50/t, as sellers anticipated a pickup in bookings ahead of the upcoming Durga Puja holidays, which are expected to temporarily affect trading activity. Most other regions remained steady, reflecting cautious sentiment prevailing across markets.
In the southern region, Bellary registered a decline of INR 100/t, as buyers refrained from active procurement amid uncertainty over price sustainability at current elevated levels. Supply conditions, however, remained balanced, with no major disruptions reported.
Nationwide, approximately 13,000 t of sponge iron were booked. While minor corrections encouraged selective spot purchases, overall demand stayed restricted due to weak downstream momentum and cautious buyer participation.
Rationale
Prices have been derived based on data sets of transactions, offers, bids, and indicative prices. Transactions are considered as T1 and given a weightage of 50%, whereas other data sets are considered T2 and given a weightage of the balance 50%.
Click here for detailed methodology
Leave a Reply