Author: Rounak Gairarey

Despite significant surge in Ingot/Billet prices since more than a month, the margins (conversion spread) of EA or Induction furnaces remained low in Central India – Raipur. The manufacturers in Raipur melt 80-90% sponge iron to produce Ingot/Billet and rest is Pig iron & Scrap. As per standalone ingot/billet producers in Raipur, currently they are…