Author: Bhupesh Agrawal

India: Sponge iron market extends downtrend on weak buying; trade volume shrinks

Aug 7, 2026

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by

Bhupesh Agrawal

in Sponge Iron

Raigarh records sharpest correction in sponge prices Need-based demand keeps trade volumes soft The domestic sponge iron market remained under pressure on 7 August 2026, with prices declining across most regions due to weak buying interest and subdued demand from finished steel manufacturers. BigMint assessed Raipur PDRI prices at INR 25,350/t, down INR 100/t, while…