Author: Prashasti Giri

Monthly average sponge iron prices decline by INR 500-1,350/t Domestic sponge iron trade volumes rise 35% m-o-m on lower prices India’s sponge iron market remained under pressure in June 2026, with monthly average prices declining across all key producing regions on weak finished steel demand, cautious procurement, and lower export realisations. The benchmark pellet-based sponge…