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India: Sponge iron prices weaken further amid muted demand - 29 Sep

Source: BigMint Oct 09, 2025 10:00
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Weak finished steel sentiment weighs on market. Festive season keeps trading activity sluggish
Sponge iron prices in India dropped by INR 100-250/tonne (t) across major markets on 29 September 2025, as subdued demand and price uncertainty kept buyers cautious. Most transactions were restricted to need-based procurement, with bulk bookings largely avoided due to prevailing market ambiguity.   Muted activity from the downstream steel segment

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