“Billet looks to be traded at same prices at Adhunik for around three weeks as lack of cash flow exists in market”, pointed out President of Adhunik Metaliks Ltd, Mr. Aurindam Dey at Kolkata, West Bengal.
“Since the start of 2012, market is dull, demand from automobile sector has worsened and margins are low. We won't be cutting back on the 85% capacity of 15,000 tons.
Govt policies and decisions might change things as need of iron ore is a big challenge. We have to hold a wait and see attitude”, he added.
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