Category: Sponge Iron
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Indian sponge iron prices climb to a 2-year high on higher coal prices, lower scrap imports
Coal prices rise sharply as rains, power sector demand tighten supply Scrap imports decline by 42% y-o-y in Jan-Jul’26 amid elevated costs Indian sponge iron prices strengthened sharply in August 2026, with BigMint’s Raipur PDRI benchmark rising by around INR 2,700/t m-o-m to a monthly average of INR 26,700/t compared to INR 24,000/t in July.…