Author: Rounak Gairarey
-

India’s Standalone Furnaces Curtail Production on Falling Conversion Spread
Standalone ingot/billet manufacturers in India are facing tough time on weakening steel demand & falling prices. High input cost amid low conversions spread led to shut down of few mills this week, specifically in central & eastern regions, SteelMint learned from market sources. The latest price assessment for induction furnaces billet in Indian market is…