Author: Bhupesh Agrawal
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India: Limited buyer participation pulls sponge iron prices down
Buyers stay away after securing ample inventories earlier Higher raw material costs continue to pressure producer margins The Indian sponge iron market witnessed sluggish trading activity on 6 August 2026, with prices declining by INR 50-300/t across major regions amid weak demand over the past two days. The sharpest correction was seen in Raipur, where…