Author: Bhupesh Agrawal
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India: Sponge iron prices edge down on dull demand, cautious buying
Weak finished steel demand weighs on overall sentiment Trade volumes fall 50% d-o-d as buyers avoid bulk procurement The domestic sponge iron market showed a downward trend on 7 October 2026, with prices falling by INR 50-400/t d-o-d across regions. The eastern region saw the sharpest correction. BigMint’s PDRI (Raipur) index settled at around INR…