Author: Manish Vasdev
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India: Falling Billet Prices Put Domestic Pig Iron Offers Under Pressure
Indian pig iron industry reported mute demand from the local mills due to sharp fall in billet prices by INR 800-1,000/MT in a week. This has narrowed down price gap between billet & pig iron. On an average there used to be price gap between the products of around INR 4,000/MT, which is currently hovering…