Author: Rounak Gairarey
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India: Sponge iron units reel under high input costs
Sponge iron manufacturers in Central India are reeling under pressure due to higher costs of production compared to the selling prices. The margins are low from raw pellets to sponge P-DRI for standalone manufacturers. SteelMint analysed that standalone sponge iron plants are experiencing a gap of INR 2,000-3,000/tonne (t) between costs of production and the…