Author: Akshay Bedekar
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Sponge iron prices to remain stable in short-term, recover lost ground in Q3?
Excess pellets capacities boosted sponge output Cheaper coal prices dragged down sponge tags DRI consumption seen rising post-monsoon Sponge iron production has been steadily rising. From around 44 mnt in FY23, it increased to around 52 mnt in FY24 and further to around 55.6 mnt in FY25. January to May 2025 data also tells a…