Tag: India: Sponge iron prices extend losses by INR100–300/t d-o-d

Trade volumes rose on improved buying interest from the Central region. Steelmakers faced margin pressure amid weak rebar demand and high costs. Prices declined by INR 100-300/t day-on-day across most regions due to limited buying activity and weak finished steel demand. Market sentiment remained subdued as sluggish rebar sales continued to restrict raw sponge iron…