Author: Prashasti Giri
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India: Sponge iron prices rise in Mar’26 due to cost push, geopolitical tensions
Prices in key eastern markets rise around 5% m-o-m Surge in imported scrap prices triggers uptick in exports In March 2026, India’s sponge iron market witnessed a notable uptick, supported by expectations of tighter raw material availability. Escalating geopolitical tensions in the Middle East intensified concerns over rising imported coal and freight costs, prompting producers…