Author: Shikha Patle
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India: Sponge iron trade activity slumps as demand weakens significantly
Weak demand reflects in reduced market participation Buyers remain cautious, engage in need-based procurement India’s sponge iron prices recorded a marginal decline of INR 50-200/t across regions on 31 March 2026, reflecting a slightly softer market tone. However, prices in Jharsuguda and Chennai remained stable to slightly or on the higher side, indicating localised support…