Author: Romil Sethi
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Production cuts in central India drive billet conversion spreads to new high in April
The high cost of power and frequent outages had a considerable impact on furnaces production by almost 30-40% in central India. Raipur experienced unscheduled power cuts ranging from 10-12 hours in April 2022, which affected production of furnace operators and drove the margins of billet producers higher during the month. Power tariffs in Raipur increased…