{"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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_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},"jetpack_post_was_ever_published":false},"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":70051,"url":"https:\/\/biztrend24.com\/?p=70051&lang=en","url_meta":{"origin":60183,"position":0},"title":"India: Sponge iron prices rise by INR 100-350\/t amid improved buying activity","author":"Biz Trend 24","date":"June 30, 2026","format":false,"excerpt":"Sponge iron market gains on improved buying interest Trade volumes recover amid steady procurement India's sponge iron market witnessed a firm uptrend on 29 June 2026, with prices increasing by INR 100-350\/t across most regions, supported by improved buying interest and stronger regional demand. 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Buyer participation remained selective throughout the session. BigMint's billet index edged up by INR 350\/t d-o-d to INR 39,100\/t exw-Raipur on 29 June 2026, supported by improved market sentiment and selective bookings across the semi-finished steel segment. 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