Category: Sponge Iron

The Indian sponge iron market remained under pressure on 21 August 2025, with spot prices slipping further by INR 50-100/t across major production hubs. About 12,000 t of sponge iron changed hands during the day, largely through need-based procurement at the lowest available levels. BigMint’s daily billet index declined by INR 200/tonne (t) d-o-d, settling…