- Market remains dull despite improved buying
- Transaction volumes increase d-o-d to 4,620 t
Indian sponge iron prices declined by INR 100-350/tonne (t) d-o-d across major markets on 25 April 2025.
Today, prices declined despite low to moderate transaction volumes, as buyers procured material only after prices had bottomed out. However, improved buying activity failed to lift sponge iron prices because of overall dull sentiments.
PDRI prices closed at INR 24,700-27,500/t, while CDRI settled at INR 26,700-31,500/t.
Transactions of 4,620 t were recorded in the country today, up from 3,700 t on 24 April.
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%.
Click here for detailed methodology
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