Author: Prashasti Giri
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India: Sponge iron prices decline by INR 50-300/t d-o-d amid limited buying – 14 Jul
Most bookings made to fulfil immediate needs Weak finished steel sector weighs on spot prices India’s sponge iron market continued its downtrend on 14 July 2025, with prices dropping by INR 50-300/tonne (t) across major regions. The decline was driven by weak demand, resulting in intra-day price corrections. Market sentiment remained cautious, with most bookings…