Author: Prashasti Giri

Market volatility weighs on sponge iron procurement Buying stays need-based amid uncertain price direction Sponge iron prices across India declined by INR 100-550/t d-o-d on 17 April 2026, as cautious buying behaviour and ongoing market volatility continued to weigh on demand across key regions. Overall market activity remained subdued, with buyers adopting a wait-and-watch approach…