Author: Shikha Patle
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India: Sponge iron prices decline by INR 50-200/t amid weak buying
Bid-offer gap widens to INR 200-300/t Limited inquiries restrict trading activity India’s domestic sponge iron market remained under pressure on 2 July 2026, with prices declining by INR 50-200/t d-o-d across most regions. Buying activity remained sluggish throughout the day, with most transactions concluded at the lower end of the prevailing price range. In the…