Author: Shikha Patle
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India: Sponge iron prices rise d-o-d on firmer offers; higher rates temper buying activity
Uncertainty around finished steel prices dampens sentiment Enquiries stay limited due to strong bookings in past 2-3 days India’s sponge iron (DRI) prices rose by INR 300-850/t d-o-d across major regions on 15 January 2026, driven by higher offers from producers. Despite the price increase, overall demand remained steady to muted, as elevated prices prompted…