Author: Prashasti Giri
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India: Sponge iron prices drop further on softening demand – 15 July
Moderate bookings continue at lower offers Subdued steel demand triggers minor price correction India’s sponge iron market witnessed a moderate downtrend on 15 July 2025, with prices declining by INR 50-150/tonne (t), particularly across the southern, eastern and central regions. Buying remained need-based, influenced by continued weakness in the finished steel segment and monsoon-related disruptions.…