- Mixed price trend; Raipur sponge iron market steady
- Trade activity stable amid limited bulk buying
India’s sponge iron prices showed mixed trend today across the regions on 11 May 2026. In the benchmark Raipur market, prices remained stable at INR 25,400/t exw.
Buying activity remained low to moderate, with participants largely restricting procurement to immediate requirements and avoiding bulk purchases. However, some selective buying was observed during the day, indicating cautious but steady participation. Market sentiment stayed watchful amid uncertainty over price trends, while enquiries were present at limited levels, supporting gradual trade activity. Overall transactions remained contained, reflecting a balanced yet restrained market environment.
Buying activity across both finished and semi-finished steel segments also remained weak, with minimal enquiries in the market. Overall participation was limited.
BigMint recorded trade volumes for around 12,700 t, compared to approximately 14,000 t in the previous session, indicating steady trade activity.
Rationale
Prices have been derived based on transactions, offers, bids, and indicative price data sets. Transactions are considered as T1 and given a weightage of 50%, whereas other data sets are considered as T2 and given a weightage of the balance 50%.
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