Author: Prashasti Giri
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India: Sponge iron prices witness sharp correction in May amid weak steel demand
Domestic sponge iron prices fall across all major regions Export offers to Nepal and Bangladesh decline sharply Weak finished steel demand weighs on market sentiment India’s sponge iron market remained under significant pressure in May 2026, registering one of the sharpest corrections witnessed this year, according to BigMint’s assessment. The benchmark pellet-based sponge iron (PDRI)…