{"id":70307,"date":"2026-07-01T17:22:55","date_gmt":"2026-07-01T11:22:55","guid":{"rendered":"https:\/\/biztrend24.com\/?p=70307"},"modified":"2026-07-01T17:22:55","modified_gmt":"2026-07-01T11:22:55","slug":"india-sponge-iron-prices-decline-amid-weak-buying-south-bucks-trend","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=70307&lang=en","title":{"rendered":"India: Sponge iron prices decline amid weak buying; south bucks trend"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li data-section-id=\"7rcqz6\" data-start=\"37\" data-end=\"87\">Trade volumes decline d-o-d amid muted demand<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li data-section-id=\"12bsvk0\" data-start=\"88\" data-end=\"132\" data-is-last-node=\"\">Steady regional demand supports southern prices<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>India&#8217;s sponge iron market exhibited a mixed trend on 30 June 2026, with prices declining by INR 50-250\/t across most regions amid subdued trade activity in the central and eastern markets. Limited procurement inquiries and subdued finished steel demand prompted sponge iron suppliers to reduce offers to secure bookings. In contrast, the southern market witnessed a price increase of INR 100-200\/t, supported by steady regional demand and moderate buying, as consumers continued procurement in anticipation of further price hikes.<\/p>\n<p>Overall, sluggish buying activity in the downstream segment kept market sentiment cautious. According to BigMint&#8217;s assessment, sponge iron trade volumes declined to around 8,100 t on 30 June 2026, reflecting subdued market participation.<\/p>\n<p>Raw material costs remained firm, with pellet prices largely stable at INR 8,900-9,000\/t. In the imported coal market, South African RB2 (5,500 NAR) prices on a CNF Gangavaram basis increased by $2\/t to $113\/t. Meanwhile, domestic non-coking coal prices at Visakhapatnam port remained stable at INR 10,450\/t.<\/p>\n<p>According to BigMint&#8217;s assessment, sponge iron trade volumes declined to around 11,100 t on 30 June 2026, from nearly 17,580 t in the previous trading session, reflecting subdued market participation amid weak buying interest across most regions and limited deal closures.<\/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 loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-765008\" src=\"https:\/\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/06\/table-1-30-06-26.png\" alt=\"\" width=\"1114\" height=\"293\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-765004\" src=\"https:\/\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/06\/table-2-30-06-26.png\" alt=\"\" width=\"889\" height=\"624\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trade volumes decline d-o-d amid muted demand Steady regional demand supports southern prices India&#8217;s sponge&#8230;<\/p>\n","protected":false},"author":1,"featured_media":70308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[313],"tags":[],"class_list":["post-70307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"featured_image_urls":{"full":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-94.jpg?v=1782904970",1280,720,false],"thumbnail":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-94-150x150.jpg?v=1782904970",150,150,true],"medium":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-94-300x169.jpg?v=1782904970",300,169,true],"medium_large":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-94-768x432.jpg?v=1782904970",640,360,true],"large":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-94-1024x576.jpg?v=1782904970",640,360,true],"1536x1536":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-94.jpg?v=1782904970",1280,720,false],"2048x2048":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-94.jpg?v=1782904970",1280,720,false],"covernews-slider-full":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-94-1115x715.jpg?v=1782904970",1115,715,true],"covernews-slider-center":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-94-800x500.jpg?v=1782904970",800,500,true],"covernews-featured":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-94-1024x576.jpg?v=1782904970",1024,576,true],"covernews-medium":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-94-540x340.jpg?v=1782904970",540,340,true],"covernews-medium-square":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-94-400x250.jpg?v=1782904970",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:\/\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-94.jpg?v=1782904970","_links":{"self":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/70307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70307"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/70307\/revisions"}],"predecessor-version":[{"id":70309,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/70307\/revisions\/70309"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/70308"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}