Author: Aditi Raj
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Indian Sponge Makers Eye on Raw Material Costing
Domestic sponge iron makers have been persistently under pressure since 3-4 months amidst high production cost and limited purchase by furnace operators, setting high price proportion to ingot/billet. This in turn has made sponge makers to eye on iron ore prices in order to reduce their production cost. Dwindling demand from semi finish and finished…