Sponge Iron Hit a Two-Year High — India’s Steel Squeeze Starts Before the Furnace
Imported coal rose as much as 20% and domestic supply tightened, pushing the benchmark to ₹29,700 a tonne and exposing smaller steelmakers to a raw-material shock.
What changed, why it matters, and what most people may be overlooking.
Imported coal rose as much as 20% and domestic supply tightened, pushing the benchmark to ₹29,700 a tonne and exposing smaller steelmakers to a raw-material shock.