{"id":60183,"date":"2026-03-10T12:13:37","date_gmt":"2026-03-10T06:13:37","guid":{"rendered":"https:\/\/biztrend24.com\/?p=60183"},"modified":"2026-03-10T12:13:37","modified_gmt":"2026-03-10T06:13:37","slug":"india-sponge-iron-prices-strengthen-on-improved-buying-interest","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=60183&lang=en","title":{"rendered":"India: Sponge iron prices strengthen on improved buying interest"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Firm mill offers support upward price momentum<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Trade volumes surge on stronger market engagement<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>India&#8217;s sponge iron (DRI) prices increased by INR 100-500\/t across regions on 9 March 2026, supported by healthy buying interest in the market. Procurement activity remained moderate to good, with enquiry levels picking up notably during the first half of the day, which helped improve overall market participation and trading momentum. Mills largely maintained their higher offer levels, while buyers actively participated in fresh bookings to secure material.<\/p>\n<p>In the downstream segments, prices of semi-finished and finished steel also moved upward. Buying activity in these segments remained good, which further supported sentiment in the sponge iron market. Improved demand from steel producers led to higher enquiries and stronger engagement between buyers and sellers.<\/p>\n<p>Reflecting the improved sentiment, trade volumes rose sharply to around 20,700 t today, compared to around 9,100 t in the previous session, indicating a significant pickup in market participation and buying interest.<\/p>\n<p>On the cost front, pellet prices remained stable, with Raipur pellets assessed at around INR 10,700\/t ex-works.<\/p>\n<p>Rationale:<\/p>\n<p>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%.<\/p>\n<p><a id=\"menur9dp\" class=\"fui-Link ___1q1shib f2hkw1w f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1s184ao f1mk8lai fnbmjn9 f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh fhgqx19 f1olyrje f1p93eir f1nev41a f1h8hb77 f1lqvz6u f10aw75t fsle3fq f17ae5zn\" title=\"https:\/\/d3bz26k9g3a6xf.cloudfront.net\/assets\/nwbm\/docs\/methodology_pricing_standards_manual_final.pdf\" href=\"https:\/\/d3bz26k9g3a6xf.cloudfront.net\/assets\/nwbm\/docs\/Methodology_Pricing_Standards_Manual_Final.pdf\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Link Click here for detailed methodology\">Click here for detailed methodology<\/a><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-729747\" src=\"https:\/\/i0.wp.com\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/03\/table-1-09-03-26-1.png?resize=640%2C169&#038;ssl=1\" alt=\"\" width=\"640\" height=\"169\" \/><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-729748\" src=\"https:\/\/i0.wp.com\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/03\/table-2-09-03-26-1.png?resize=640%2C449&#038;ssl=1\" alt=\"\" width=\"640\" height=\"449\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Firm mill offers support upward price momentum Trade volumes surge on stronger market engagement India&#8217;s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":60184,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[313],"tags":[],"class_list":["post-60183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?fit=1280%2C720&ssl=1?v=1773123194",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?resize=150%2C150&ssl=1?v=1773123194",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?fit=300%2C169&ssl=1?v=1773123194",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?fit=640%2C360&ssl=1?v=1773123194",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?fit=640%2C360&ssl=1?v=1773123194",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?fit=1280%2C720&ssl=1?v=1773123194",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?fit=1280%2C720&ssl=1?v=1773123194",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?resize=1115%2C715&ssl=1?v=1773123194",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?resize=800%2C500&ssl=1?v=1773123194",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?fit=1024%2C576&ssl=1?v=1773123194",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?resize=540%2C340&ssl=1?v=1773123194",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?resize=400%2C250&ssl=1?v=1773123194",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"<a href=\"https:\/\/biztrend24.com\/?cat=313&#038;lang=en\" rel=\"category\">Iron &amp; Steel<\/a>","tag_info":"Iron &amp; Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?fit=1280%2C720&ssl=1?v=1773123194","jetpack-related-posts":[{"id":59806,"url":"https:\/\/biztrend24.com\/?p=59806&lang=en","url_meta":{"origin":60183,"position":0},"title":"Weekly round-up: Semis, longs rise on higher input costs; scrap buying cautious amid freight surge","author":"Biz Trend 24","date":"March 8, 2026","format":false,"excerpt":"Billet and sponge iron prices rise sharply w-o-w on higher raw material costs and improved bookings Imported coal prices jump INR 1,100-1,200\/t, while scrap buying stays cautious amid rising freight The domestic steel and raw materials market strengthened in the week ended 6 March, supported by higher input costs and\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-08T110959.372.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-08T110959.372.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-08T110959.372.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-08T110959.372.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-08T110959.372.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":59440,"url":"https:\/\/biztrend24.com\/?p=59440&lang=en","url_meta":{"origin":60183,"position":1},"title":"Indian steel prices rise again in Feb&#8217;26 but at slower pace as bullish sentiment fades","author":"Biz Trend 24","date":"March 4, 2026","format":false,"excerpt":"Steel demand slows from mid-Feb amid price resistance, Holi Rising coal, firm iron ore prices support steel price uptrend BF rebar records sharpest hike among finished steel at 8% m-o-m Morning Brief:\u00a0Indian steel prices continued to increase in February 2026 (as per monthly averages), but the pace of growth slowed\u2026","rel":"","context":"In &quot;Iron &amp; 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