Author: Manish Vasdev
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Production Cut May Resume As India’s Billet Conversion Spread Hit Low Levels Since 2012
Indian secondary Induction operators reeling under low conversion spread. Manufacturers in Central, East & South India who are largely melts sponge iron are running their units below capacity. India produces 30-32 million tonne steel from IF/EAF (Induction furnace, Electric arc furnace) route in total production of 90 million tonne in FY16. SteelMint in the data…