Author: Prashasti Giri
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India: Sponge iron prices rise in Sept’26 as coal costs tighten supply
DRI gains preference on challenging scrap economics October prices to remain firm but sensitive to demand India’s sponge iron market remained volatile and regionally divergent in September 2026, with prices increasingly driven by higher raw material costs rather than strong end-user demand. While cautious buying and weak billet production limited fresh bookings during parts of…