Category: Sponge Iron
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India: Sluggish demand drags sponge iron prices lower across regions
Festive season slows down market activity across regions Sellers in central region offer heavy discounts amid selling pressure Indian sponge iron prices softened by around INR 100-700/t d-o-d across regions on 12 October 2026. In Raipur, pellet-based direct reduced iron (P-DRI) prices settled at around INR 28,300/t, down INR 450/t d-o-d. Market sentiment remained weak…