- Weak demand persists in eastern region
- Prices inched up in south India
India’s sponge iron market witnessed mixed price movements on 17 November 2025, as varied regional demand patterns shaped trading activity across the major producing hubs. While some regions experienced mild recovery, others continued to struggle with weak inquiries, limited liquidity, and sluggish steel movement.
In south India, sponge iron prices inched up by INR 100-500/tonne (t) amid moderate restocking from the secondary mills. Mills in this region continued to maintain steady operations supported by stable raw material prices and improved liquidity flow compared to their northern and eastern counterparts.
In contrast, east India witnessed a correction of INR 50-150/t in prices reflecting soft demand and muted steel movement. The Raigarh, Ramgarh, and Durgapur markets witnessed subdued buyer interest, and mills purchased only on need basis.
Daily trade volumes were estimated at 12,000 t, suggesting reduced participation from both traders and end-users. While some buyers explored opportunistic purchases at lower prices, uncertainty about future direction restrained bulk deals. Sellers showed greater flexibility, but the market continued to face liquidity constraints and limited procurement from small-scale IF units.
Meanwhile, pellet prices in Raipur held steady at INR 9,600/t ($111/t) exw, reflecting mixed sentiment and balanced supply-demand dynamics in the raw material segment.
Rationale
Prices have been derived based on transactions, offers, bids, and indicative price data sets. Transactions are considered as T1 and given a weightage of 50%, whereas other data sets are considered as T2 and given a weightage of the balance 50%.
Click here for detailed methodology
Leave a Reply