- Sponge iron bookings pick up
- Stocking on to prevent further scarcity
India’s sponge iron market exhibited mixed pricing trends on 4 July 2025, with prices rising by INR 100-300/tonne (t) in central and eastern regions. The upward movement was primarily driven by limited material availability and moderate restocking demand.
Market sentiment remained cautious, as bookings were mostly need-based, with selective procurement by re-rollers and secondary producers. Weakness in the finished steel segment continued to restrict aggressive buying, prompting buyers to adopt a measured approach.
However, regional disparities in supply were evident, especially in the central and eastern zones, where participants reported tight availability. This uneven supply scenario introduced an element of uncertainty and supported prices in specific pockets.
Pan-India, approximately 10,900 t of sponge iron were booked today, reflecting a modest uptick from the previous trading session’s.
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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