Author: Prashasti Giri
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India: Weak buying drags sponge iron prices lower – 5 Nov
Raigarh, Hyderabad see sharpest drops of INR 300/t Producers avoid steep price cuts due to narrow margins India’s sponge iron market continued to face downward pressure on 5 November 2025, with prices correcting by INR 50-300/t d-o-d across key producing regions. The sharpest declines were recorded in Raigarh and Hyderabad, where offers dropped by up…