Category: Sponge Iron
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India: Sponge iron prices rally on rising coal prices at auctions, growing scrap shortage
Recent SECL, ECL coal auctions witness higher prices Scrap shortage in western India swings demand in favour of DRI India’s sponge iron prices recorded a strong increase of INR 700-1,400/t across regions on 30 March 2026, reflecting firm market momentum. Despite the sharp rise, the market maintained stability, with buyers adopting a disciplined and need-based…