Author: Manish Vasdev

Indian billet makers, who have been planning to shutdown their units on the backdrop of reducing conversion spread, are now cheered amid increase in conversion spread. In last 2-week, sponge prices in Raipur and Durapur improved by upto INR 800/MT. Meanwhile, billet prices also surged by INR 1,000-1,200/MT. Iron ore prices in Indian market fell…