Author: Prashasti Giri
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India: Sponge iron prices weakens further on weak buying interest
Spot offers ease INR 100-500/t amid widening bid-offer gaps Finished steel slowdown continues to weigh on demand India’s sponge iron market extended its downtrend on 24 February 2026, with prices declining by INR 100-500/t day-on-day across major producing regions. The sharpest correction was recorded in Raigarh, where prices dropped by INR 500/t, amid limited bookings…