Category: Sponge Iron
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India: Sponge iron prices fall further; weak demand keeps market subdued
Cautious buyers make need-based purchases Semis, finished steel markets also remain muted Indian sponge iron prices declined again by INR 100-400/t d-o-d across regions on 24 April 2026, extending the ongoing price correction in the market. Buying activity remained muted, with participants restricting procurement strictly to immediate requirements. Market sentiment stayed cautious throughout the day,…