Author: Manish Vasdev
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Falling Billet Prices Put’s Pressure on Indian Pig iron Market
Amid significant fall in domestic billet prices, the Indian pig iron producers are reeling under selling pressure to cut prices, specifically in eastern region where the major merchant suppliers are active. The Indian billet prices slump by INR 1,000-1,500/MT (USD 14-21) W-o-W and this has narrowed down price gap between Pig iron & Billet which…