Gold ₹14,922.60/g ▲ +0.00% Silver ₹226.02/g ▲ +0.00% Platinum ₹5,270.07/g ▲ +0.87% Palladium ₹3,624.95/g ▲ +0.70% Rhodium ₹25,686.82/g ▲ +1.34% Copper ₹1,264.26/kg ▲ +0.58% Aluminium ₹271.94/kg ▼ -0.20% Cobalt ₹3,436.35/kg ▲ +0.22% Gallium ₹22,783.50/kg ▲ +0.22% Indium ₹68,743.32/kg ▲ +0.22% Iron Ore ₹8.02/kg ▼ -0.59% Lead ₹162.46/kg ▼ -0.20% Lithium ₹1,607.94/kg ▲ +0.22% Molybdenum ₹8,124.81/kg ▲ +0.22% Nickel ₹1,359.59/kg ▼ -0.27% Neodymium ₹12,406.52/kg ▲ +0.22% Tin ₹4,771.16/kg ▲ +0.24% Tellurium ₹10,455.53/kg ▲ +0.22% Uranium ₹17,323.44/kg ▲ +0.25% Zinc ₹324.57/kg ▲ +0.18% Crude Oil (Brent) ₹9,873.17/bbl ▲ +2.04% Crude Oil (WTI) ₹8,788.06/bbl ▲ +1.26% Gasoline ₹319.01/gal ▲ +1.52% Natural Gas ₹292.58/MMBtu ▲ +1.38%

Product

Sponge Iron

Also called direct reduced iron (DRI), a porous solid iron product made by removing oxygen from iron ore using coal or gas without melting it; it serves as the main feedstock for India's induction-furnace and electric-arc-furnace steelmakers.

Covered in 1 MetalsCost.com News Intelligence article, most recently on September 22, 2026.

Coverage

Indian Sponge Iron Prices Hit a Two-Year High as Coal Costs Keep Climbing

Indian sponge iron prices hit a two-year high, with Bellary ex-works rates up 17.7% in a month to $326/tonne, as costlier imported coal and tight domestic supply squeeze producers.

Bullish · Sep 22, 2026