Author: Manish Vasdev
-
India: About 4,000 t of IF-route billets sold to Nepal
Eastern India-based mills sold around 4,000 t of induction route (IF) billets to Nepal in the last two days at around $717-723/t exw, equivalent to $740-745/t CPT Nepal. Unscheduled power cuts have resulted in the shut down of furnaces in Nepal, thus, leading plants to book billets instead of sponge iron from India. Nepal’s sponge…