India’s Sponge iron production grows 9% y-o-y in Apr-Sep’25

India’s sponge iron production remained robust during April-September 2025 (H1FY’26), with the country maintaining its position as the world’s largest producer of direct reduced iron (DRI) via the coal-based route.

However, domestic demand lagged behind production growth, creating a supply-demand imbalance across key markets, especially in central India, and leading to steady price corrections.