- Pan India trade volume edges down
- Enquiries stay limited across regions
Sponge iron prices across major Indian markets witnessed an increase of INR 50-350/t on 30 December 2025, supported by improved market sentiment and firmer offers from key producers. However, the Durgapur and Ramgarh regions saw prices decline by INR 100-150/t due to subdued enquiries and weaker buyer interest. The positive price momentum in most other regions was largely influenced by gains recorded in the previous trading session.
Market update
Market participants reported that sponge iron prices edged higher on the back of spillover support from nearby markets and stronger trading activity in the prior session. Encouraged by healthy sales and improved working conditions earlier, sellers raised their offers and attempted to test higher price levels. Nevertheless, buying interest remained cautious, as many buyers had already completed their procurement in the previous session and were reluctant to purchase at elevated rates.
Trade volume
Trade volumes declined sharply to around 7,500 t compared to approximately 26,000 t in the preceding session, indicating a temporary slowdown in buying momentum. Meanwhile, raw material prices remained stable, with pellet prices in Raipur assessed at INR 9,400/t (ex-works) and iron ore prices holding firm, providing cost-side support to DRI.
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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