July 11, Jindal power Raigarh officialy announced to hold electricity supply for 24 induction furnaces located in Raigarh.
This will be effective from 15th July 2010 to 31st July 2010. Electricity supply will be hold due to maintainence reasons.
This move will stop a production of about 2400 MT M S Ingot per day and about 35,000 MT of Ingot in 15 days. Prices of sponge iron might fall in Raigarh.
Steel industry across India is going through a rough phase.
Reported by Richa Sharma (richa@steelmint.com)
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