Author: Manish Vasdev

Sponge iron trades have slowed down following continuous drop in billet prices. A total of around 2,500 t deals have been concluded at INR 22,500-600/t on exw & FoR basis, of which about 1,000 t were sold by Raigarh based plants, SteelMint learned in a conversation with plant owners. However, there is limited scope for…