MS Ingot prices in Mandi Gobindgarh remain intact at Rs 31700-800(basic), similarly prices in Raipur at Rs. 28700 (basic), Rourkela at Rs 28200-300 (basic) with limited downside manufacturer believes.
'Raipur Sponge prices will not come below Rs 20700 (basic), as shortage of Iron ore continue to remain the issue”, said Ingot manufacturer.
Inventory and finance issue will resolve as holiday season ends. We expect any major change after 1st week of December, he added
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