Author: Kamal Gohil
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India: Sponge iron gains ground over ferrous scrap in H1CY’26 amid widening price spread
Scrap premium over sponge iron widens to nearly INR 3,300/t in Jun’26 from INR 200/t in Jan Growing steel output lifts consumption of both metallics despite changing procurement trends India’s secondary steel sector is increasingly recalibrating its metallic mix, with sponge iron (DRI) gaining ground over ferrous scrap as widening price differentials and changing procurement…