Author: Manish Vasdev
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Central India: Production cut by hot-rolling mills adversely impact sponge iron trades
The majority of hot rolling mills in Raipur have confirmed SteelMint that they have curtailed output by over 30% in the last 15 days. These mills contribute 20-30% of finished steel production of the secondary mills in Raipur. Hence, with a fall in finished steel & billet output, sponge iron demand weakened considerably as no…