Tag: Conversion gap

India: Semi Finish offers may not fall down: Market Participants

Nov 18, 2013

—

by

Manish Vasdev

in Uncategorized

In last 6 months, conversion from Sponge to Ingot/Billet drop by up to 1,500/MT. Indian steel market has started improving on account of low availability of Ingot/Billet. SteelMint learned that falling conversion from Sponge to Ingot has put pressure on manufacturers. This has resulted in shut down of furnaces and rolling mills in major cities…