Author: Rounak Gairarey

Around 12 to 15 Odisha-based furnaces producing steel ingots and billets have curtailed production since the midnight of 30 Jun’21, as per sources. Overall production loss is reported at 800-1,000 tonnes/per day equivalent to 25,000-30,000 t on a monthly basis. This has put further pressure on sponge iron prices as fresh purchases by the remaining…