Author: Bhupesh Agrawal
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India: Sponge iron market falls amid weak demand on 3 July 2026
Trade volume increased amid competitive pricing and improved deal closures Buyer participation remained cautious amid weak downstream steel demand India’s domestic sponge iron market remained under pressure this week, with prices continuing to decline amid sluggish demand and weak market sentiment. On 3 July, sponge iron prices fell by INR 100-300/t day-on-day across most regions.…