Category: Sponge Iron

Need-based buying dominates amid market uncertainty Sluggish semis, finished steel segments weigh on prices Indian sponge iron prices dropped by INR 50-400/tonne (t) d-o-d across major regions on 7 October 2025, as weak downstream demand and subdued buying interest continued to weigh on sentiment. Most transactions were restricted to need-based procurement, with buyers preferring low-end…