Author: Shikha Patle
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Sponge iron prices edge up but sluggish demand keeps market subdued
Demand stays weak amid buyer resistance Price uptick fails to lift trading activity Sponge iron (DRI) prices in India edged up by INR 100-500/t on a d-o-d basis across regions on 19 January 2026, driven by firmer producer offers. Despite the price uptick, overall market sentiment remained subdued, as buyers showed little interest in accepting…