- Sellers keep offers unchanged in most regions
- Limited demand seen, with regional variations
Indian sponge iron prices displayed mixed trends on 3 September 2025. Prices in Durgapur, Ramgarh, and Chennai fell by INR 150-200/tonne (t) d-o-d, while Bellary registered a marginal rise of INR 50/t. Buyer activity remained focused largely on immediate requirements, reflecting a cautious market mood.
Key highlights
- Sellers held offers firm in most regions, resisting deeper cuts.
- In other regions, lower offers triggered improved spot bookings, lifting overall activity.
- Demand remained region-specific, with muted participation in southern markets.
- While semi-finished and finished steel markets remained mostly dull, limited demand emerged where prices corrected, giving sellers slight confidence.
Trade volumes
Around 17,000 t changed hands compared to 13,400 t, indicating a mild recovery in 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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