Author: Shikha Patle
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India: Sponge iron prices decline amid weak demand and limited market activity
Weakening finished steel demand exerting pressure Bookings remain limited to need-based buying only Sponge iron prices across India fell by between INR 50-750/tonne on 5 January 2026, as persistent weakness in demand and limited market enquiries kept trading subdued. The sharpest correction was observed Ramgarh and Raigarh regions, due to weak buying interest and subdued…