SteelMint

Author: Sagar

  • India: Jharkhand-based sponge iron producers hold offers

    India: Jharkhand-based sponge iron producers hold offers

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    by

    Sagar
    in

    Some sponge iron producers in Jharkhand’s Ramgarh, with a cumulative market share of around 60-70% in the region, are holding C-DRI offers in the spot market due to the high price of iron ore. A few producers told SteelMint that they would sustain a loss by purchasing iron ore at prevailing rates. Hence most plants…