- Sellers avoid aggressive price cuts due to already low offers
- Pellet prices hold steady amid cautious market sentiment
Sponge iron prices across India declined by INR 50-300/tonne (t) d-o-d on 27 October 2025, as weak market sentiment persisted. However, lower offers encouraged improved trading activity, particularly in the latter half of the session, providing temporary support to overall demand.
Despite the prevailing downtrend, most sellers refrained from aggressive price cuts, as offers were already on the lower side. Buyers maintained a cautious stance, awaiting further clarity on price trends, though moderate-to-good booking activity was noted.
Daily sponge iron trade volumes were estimated at around 23,000 t today against 9,000 t on Friday, reflecting a slight recovery in transactional momentum compared to previous sessions.
On the raw material side, pellet prices in Raipur held steady at INR 10,000/t DAP, amid a cautious yet balanced sentiment in the market.
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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