- Dull market conditions persist
- Trade volumes drop d-o-d
India’s sponge iron prices fell by INR 100-600/t d-o-d across regions on 14 April 2026. Trading activity remained muted, with buyers largely confining purchases to immediate requirements. The price decline prompted participants to stay cautious, as most adopted a wait-and-watch stance and held back from aggressive bookings.
Prices in both the finished and semi-finished steel segments witnessed a decline today, reflecting continued weakness in the market. Overall sentiment remained dull throughout the session, with very limited buying interest observed. Market participants largely refrained from active procurement, restricting purchases to essential requirements amid subdued demand in the finished steel segment. The cautious stance across the value chain continued to weigh on overall activity, keeping trades under pressure.
The recorded trade volume stood at around 4,500 t, down from approximately 9,900 t in the previous session, indicating a noticeable slowdown in market activity. The decline in trades reflects the cautious stance adopted by market participants, as weak demand and uncertain price direction kept overall sentiment restrained.
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%.
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