“Sponge Iron demand expected to improve in Sep-Oct”- Monnet Ispat

“Sponge Iron demand was under pressure in last two months and is expected to rise in future”, told industry experts.

“Prices were under pressure on power shortage and high power tariff in many states. As power problems are likely to resolve after monsoon, we anticipate most of the steel mills to start operating smoothly resulting in better demand”, said a senior official at a primary steel producing plant.

Another official from Monnet Ispat anticipates demand of Sponge Iron to move up in Sep-Oct as infrastructure projects in construction sector re-start post monsoons.