{"id":70051,"date":"2026-06-30T15:43:10","date_gmt":"2026-06-30T09:43:10","guid":{"rendered":"https:\/\/biztrend24.com\/?p=70051"},"modified":"2026-06-30T15:43:10","modified_gmt":"2026-06-30T09:43:10","slug":"india-sponge-iron-prices-rise-by-inr-100-350-t-amid-improved-buying-activity","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=70051&lang=en","title":{"rendered":"India: Sponge iron prices rise by INR 100-350\/t amid improved buying activity"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li class=\"isSelectedEnd\">Sponge iron market gains on improved buying interest<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li class=\"isSelectedEnd\">Trade volumes recover amid steady procurement<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>India&#8217;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. Procurement inquiries increased compared to the previous trading session, boosting sellers&#8217; confidence and prompting them to raise offer prices. Trading activity remained robust during the first half of the day; however, momentum eased in the latter half as several inquiries failed to convert into confirmed deals. Nevertheless, the overall market remained positive, underpinned by sustained demand and improved price realizations.<\/p>\n<p class=\"isSelectedEnd\">Demand from the finished steel segment also strengthened, with higher buying inquiries reported across key consuming regions. Improved procurement by finished steel manufacturers provided firm support to the sponge iron market and encouraged suppliers to maintain a bullish pricing stance. Although the conversion rate of inquiries into actual transactions remained moderate, steady demand continued to support overall market sentiment.<\/p>\n<p class=\"isSelectedEnd\">On the raw material front, pellet prices remained range-bound at INR 8,900-9,000\/t. In the imported coal market, South African RB2 (5,500 NAR) prices on a CNF Gangavaram basis declined by $1.5\/t to $111\/t. Meanwhile, domestic non-coking coal prices at Visakhapatnam port also softened by INR 150\/t to INR 10,450\/t.<\/p>\n<p>According to BigMint&#8217;s assessment, sponge iron trade volumes rose to around 17,580 t on 29 June from nearly 10,200 t in the previous trading session, reflecting a notable improvement in market participation despite relatively fewer deal closures during the latter half of the day.<\/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-764637\" src=\"https:\/\/i0.wp.com\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/06\/TABLE-1-29-06-26.png?resize=640%2C168&#038;ssl=1\" alt=\"\" width=\"640\" height=\"168\" \/><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-764639\" src=\"https:\/\/i0.wp.com\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/06\/table-2-29-06-26.png?resize=640%2C449&#038;ssl=1\" alt=\"\" width=\"640\" height=\"449\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sponge iron market gains on improved buying interest Trade volumes recover amid steady procurement India&#8217;s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":70052,"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-70051","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\/06\/Untitled-design-40-3.jpg?fit=1280%2C720&ssl=1?v=1782812584",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-40-3.jpg?resize=150%2C150&ssl=1?v=1782812584",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-40-3.jpg?fit=300%2C169&ssl=1?v=1782812584",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-40-3.jpg?fit=640%2C360&ssl=1?v=1782812584",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-40-3.jpg?fit=640%2C360&ssl=1?v=1782812584",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-40-3.jpg?fit=1280%2C720&ssl=1?v=1782812584",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-40-3.jpg?fit=1280%2C720&ssl=1?v=1782812584",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-40-3.jpg?resize=1115%2C715&ssl=1?v=1782812584",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-40-3.jpg?resize=800%2C500&ssl=1?v=1782812584",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-40-3.jpg?fit=1024%2C576&ssl=1?v=1782812584",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-40-3.jpg?resize=540%2C340&ssl=1?v=1782812584",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-40-3.jpg?resize=400%2C250&ssl=1?v=1782812584",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\/06\/Untitled-design-40-3.jpg?fit=1280%2C720&ssl=1?v=1782812584","jetpack-related-posts":[{"id":60183,"url":"https:\/\/biztrend24.com\/?p=60183&lang=en","url_meta":{"origin":70051,"position":0},"title":"India: Sponge iron prices strengthen on improved buying interest","author":"Biz Trend 24","date":"March 10, 2026","format":false,"excerpt":"Firm mill offers support upward price momentum Trade volumes surge on stronger market engagement India'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\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-2026-03-10T121244.291.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-2026-03-10T121244.291.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121244.291.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":70064,"url":"https:\/\/biztrend24.com\/?p=70064&lang=en","url_meta":{"origin":70051,"position":1},"title":"India: BigMint&#8217;s ferrous scrap index rises INR 300\/t d-o-d amid moderate steel demand","author":"Biz Trend 24","date":"June 30, 2026","format":false,"excerpt":"Power outage concerns support steel prices Semi,finished steel prices jumps INR 600\/t d-o-d BigMint's domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 300\/tonne (t) d-o-d to INR 38,500\/t DAP on 29 June.Recent power-cut news lifted trading activity in the region, but demand for semi-finished and finished\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\/06\/Untitled-design-45-4.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-45-4.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-45-4.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-45-4.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-45-4.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":70054,"url":"https:\/\/biztrend24.com\/?p=70054&lang=en","url_meta":{"origin":70051,"position":2},"title":"India: BigMint&#8217;s billet index rises as sellers raise offers, demand stays moderate","author":"Biz Trend 24","date":"June 30, 2026","format":false,"excerpt":"Higher offers failed to attract strong buying interest. 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. The previous trading session witnessed\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\/06\/Untitled-design-41-3.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-41-3.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-41-3.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-41-3.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-41-3.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":59806,"url":"https:\/\/biztrend24.com\/?p=59806&lang=en","url_meta":{"origin":70051,"position":3},"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":67300,"url":"https:\/\/biztrend24.com\/?p=67300&lang=en","url_meta":{"origin":70051,"position":4},"title":"India: Odisha iron ore fines prices remain stable with bulk trades","author":"Biz Trend 24","date":"June 7, 2026","format":false,"excerpt":"Around 1.5 mnt trades by miners Semi-finished prices drop INR 500-600\/t w-o-w BigMint's Odisha iron ore fines (Fe 62%) index remained stable w-o-w at INR 5,100\/t ($53\/t) ex-mines on 6 June 2026. 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