“The acute shortage of iron ore has led to less availability of sponge iron.
Hence, Billet output has been lowered by up to 40%”, pointed out Mr. Amit Agrawal, Managing Director at Hira Group at Raipur, Chhattisgarh.
“Till the mid of November, I don't see an increase in the buying volumes of Billet which has been influenced by poor sales in finished steel.
Offers should be more or less same in the next 15 days and only a major change in demand can allow prices to move high”, he shared further.
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