Author: Manish Vasdev
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Higher Freight made Billet Costlier from Central to North India
Today, a melter based in Punjab (Mandi Gobindgarh) reported that amid higher freight, purchase of billet has became expensive from east or central to north India. In Punjab, most of the induction furnaces have closed due higher electricity charges coupled with scarcity of scrap. Out of total requirement of ingot/billet in Punjab, approx 60% of…